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*For Immediate Release                                                                                                 Contact:  Dan Haug*

*November 6, 2024                                                                                                                      573-751-2345*

*State Releases October 2024 General Revenue Report*

*Jefferson City, Mo.* - State Budget Director Dan Haug announced today that net general revenue collections for October 2024 decreased 0.8 percent compared to those for October 2023, from $898.3 million last year to $890.9 million this year.

Net general revenue collections for 2025 fiscal year-to-date declined 3.3 percent compared to October 2023, from $4.04 billion last year to $3.91 billion this year.

GROSS COLLECTIONS BY TAX TYPE

_Individual income tax collections_

* Decreased 6.7 percent for the year, from $2.64 billion last year to $2.46 billion this year.
* Decreased 7.9 percent for the month.

_Pass Through Entity tax collections_

* Increased from $0 to $129.8 million this year.

_Sales and use tax collections_

* Decreased 2.5 percent for the year, from $1.14 billion last year to $1.12 billion this year.
* Increased 4.2 percent for the month. 

_Corporate income and corporate franchise tax collections_

* Decreased 8.7 percent for the year, from $311.7 million last year to $284.5 million this year.
* Decreased 28.5 percent for the month.

_All other collections_

* Increased 10.7 percent for the year, from $264.6 million last year to $293.0 million this year.
* Increased 12.3 percent for the month.

_Refunds_

* Increased 19.5 percent for the year, from $313.7 million last year to $374.8 million this year.
* Decreased 4.2 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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* 2024-10_(October _FY_25).xlsx [ [link removed] ]

  Missouri Department of Administrative Services [ [link removed] ]
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