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*For Immediate Release                                                                                                 Contact:  Dan Haug*

*August 7, 2024                                                                                                                          573-751-2345*

*State Releases July 2024 General Revenue Report*

*Jefferson City, Mo.* - State Budget Director Dan Haug announced today that 2025 fiscal year-to-date net general revenue collections decreased 7.3 percent compared to July 2023, from $898.7 million last year to $833.5 million this year.

GROSS COLLECTIONS BY TAX TYPE

_Individual income tax collections_

* Decreased 11.9 percent for the year, from $550.8 million last year to $485.3 million this year.

_Pass Through Entity tax collections_

* Increased from $0 to $8.6 million this year.

_Sales and use tax collections_

* Decreased 10.5 percent for the year, from $341.2 million last year to $305.4 million this year.

_Corporate income and corporate franchise tax collections_

* Increased 20.4 percent for the year, from $42.5 million last year to $51.2 million this year.

_All other collections_

* Increased 23.7 percent for the year, from $53.7 million last year to $66.4 million this year.

_Refunds_

* Decreased 6.9 percent for the year, from $89.6 million last year to $83.4 million this year.

"Pass-Through Entity tax collections were previously reported within Individual Income, which makes growth in Individual Income tax collections appear artificially low."

"The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors."

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* 2024-07_(July_FY_25).xlsx [ [link removed] ]

  Missouri Department of Administrative Services [ [link removed] ]
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