Missouri Office of Administration

For Immediate Release                                                                                              Contact:  Dan Haug

September 6, 2022                                                                                                               573-751-2345

State Releases August 2022 General Revenue Report

JEFFERSON CITY, MO - State Budget Director Dan Haug announced today that net general revenue collections for August 2022 grew 4.7 percent compared to those for August 2021, from $962.2 million last year to $1.01 billion this year.

Net general revenue collections for 2023 fiscal year-to-date increased 18.9 percent compared to August 2021, from $1.66 billion last year to $1.98 billion this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Increased 18.7 percent for the year, from $1.16 billion last year to $1.38 billion this year.
  • Increased 2.1 percent for the month.

Sales and use tax collections

  • Increased 5.7 percent for the year from $510.7 million last year to $539.9 million this year.
  • Decreased 2.3 percent for the month. 

Corporate income and corporate franchise tax collections

  • Increased 30.6 percent for the year, from $54.2 million last year to $70.8 million this year.
  • Increased 134.4 percent for the month.

All other collections

  • Increased 86.0 percent for the year, from $61.0 million last year to $113.4 million this year.
  • Increased 81.3 percent for the month.

Refunds

  • Increased 1.0 percent for the year, from $122.7 million last year to $123.9 million this year.
  • Increased 9.8 percent for the month.

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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