For Immediate Release Contact: Dan Haug
July 8, 2022 573-751-2345
State Releases June 2022 General Revenue Report
Jefferson City, MO - State Budget Director Dan Haug announced today that net general revenue collections for June 2022 increased 20.5 percent compared to those for June 2021, from $1.22 billion last year to $1.47 billion this year.
Net general revenue collections for 2022 fiscal year-to-date increased 14.6 percent compared to June 2021, from $11.24 billion last year to $12.88 billion this year.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
- Increased 11.8 percent for the year, from $8.92 billion last year to $9.97 billion this year.
- Increased 25.6 percent for the month.
Sales and use tax collections
- Increased 13.1 percent for the year, from $2.43 billion last year to $2.75 billion this year.
- Increased 6.6 percent for the month.
Corporate income and corporate franchise tax collections
- Increased 14.1 percent for the year, from $797.1 million last year to $909.7 million this year.
- Increased 55.2 percent for the month.
All other collections
- Increased 2.8 percent for the year, from $593.5 million last year to $610.1 million this year.
- Decreased 4.7 percent for the month.
Refunds
- Decreased 9.3 percent for the year, from $1.50 billion last year to $1.36 billion this year.
- Increased 105.9 percent for the month.
Due to the COVID pandemic, the 2020 income tax filing deadlines in April and June were moved to July 15, 2020. Therefore, the comparison of FY21 to FY22 will be negatively impacted throughout FY22.
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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