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*For Immediate Release                                                                                                 Contact:  Dan Haug*

*September 5, 2024                                                                                                                    573-751-2345*

*State Releases August 2024 General Revenue Report*

*Jefferson City, Mo.* - State Budget Director Dan Haug announced today that net general revenue collections for August 2024 declined 9.3 percent compared to those for August 2023, from $1.04 billion last year to $942.7 million this year.

Net general revenue collections for 2025 fiscal year-to-date declined 8.3 percent compared to August 2023, from $1.94 billion last year to $1.78 billion this year.

*GROSS COLLECTIONS BY TAX TYPE*

*_Individual income tax collections_*


* Decreased 8.5 percent for the year, from $1.24 billion last year to $1.13 billion this year.
* Decreased 5.8 percent for the month.

*_Pass Through Entity tax collections_*


* Increased from $0 to $36.2 million this year.

*_Sales and use tax collections_*


* Decreased 5.8 percent for the year, from $632.9 million last year to $596.1 million this year.
* Decreased 0.3 percent for the month. 

*_Corporate income and corporate franchise tax collections_*


* Decreased 8.1 percent for the year, from $61.5 million last year to $56.5 million this year.
* Decreased 71.7 percent for the month.

*_All other collections_*


* Increased 0.4 percent for the year, from $143.2 million last year to $143.8 million this year.
* Decreased 13.6 percent for the month.

*_Refunds_*


* Increased 37.6 percent for the year, from $136.42 million last year to $187.7 million this year.
* Increased 122.6 percent for the month.

"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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* 2024-08_(August_FY_25).xlsx [ [link removed] ]

  Missouri Department of Administrative Services [ [link removed] ]
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