Jefferson City, Missouri – State Budget Director Dan Haug said Friday that net general revenues in December 2022 fell 9.3% compared to December 2021, down from $1.19 billion last year to $1.08 billion this year. announced that it was
The percentage increase shown for the combined sales and use tax is artificially low because last December’s collection was artificially high due to an allocation error.
FY23 year-to-date net general revenue increased 9.5% compared to December 2021 to $6.24 billion this year from $5.7 billion last year.
Total amount collected by tax type
Collection of personal income tax
- It increased 13.1% from $3.84 billion last year to $4.34 billion this year.
- It increased by 10.8% for the month.
Collection of sales and use taxes
- It’s down 6.5% from $1.6 billion last year to $1.5 billion this year.
- Decreased by 44.1% for the month.
Collection of corporate income tax and corporate franchise tax
- It increased 20.1% from $402.9 million last year to $483.9 million this year.
- It increased by 16.3% for the month.
all other collections
- It increased 31.7% from $256.9 million last year to $338.2 million this year.
- It increased by 4.9% for the month.
- It increased 4.8% from last year’s $405 million to $419.9 million this year.
- It increased by 46.9% for the month.
The numbers included in the Monthly General Revenue Report represent a snapshot as of this date and may vary significantly based on a variety of factors.