Missouri Office of Administration

For Immediate Release                                                                                              Contact:  Dan Haug

November 10, 2022                                                                                                               573-751-2345

State Releases October 2022 General Revenue Report

JEFFERSON CITY, Mo. - State Budget Director Dan Haug announced today that net general revenue collections for October 2022 grew 16.7 percent compared to those for October 2021, from $775.3 million last year to $904.4 million this year.

Net general revenue collections for 2023 fiscal year-to-date increased 17.1 percent compared to October 2021, from $3.54 billion last year to $4.14 billion this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Increased 15.0 percent for the year, from $2.52 billion last year to $2.90 billion this year.
  • Increased 15.9 percent for the month.

Sales and use tax collections

  • Increased 8.2 percent for the year, from $923.4 million last year to $999.4 million this year.
  • Increased 24.1 percent for the month. 

Corporate income and corporate franchise tax collections

  • Increased 25.1 percent for the year, from $243.0 million last year to $303.9 million this year.
  • Decreased 27.6 percent for the month.

All other collections

  • Increased 51.9 percent for the year, from $146.0 million last year to $221.7 million this year.
  • Increased 69.9 percent for the month.

Refunds

  • Decreased 4.2 percent for the year, from $298.4 million last year to $285.9 million this year.
  • Increased 9.1 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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