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State Releases November 2022 General Revenue Report


JEFFERSON CITY, Mo. – State Budget Director Dan Haug announced today that net general revenue collections for November 2022 grew 4.8 percent compared to those for November 2021, from $965.5 million last year to $1.01 billion this year.

Net general revenue collections for 2023 fiscal year-to-date increased 14.5 percent compared to November 2021, from $4.50 billion last year to $5.15 billion this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Increased 13.5 percent for the year, from $3.22 billion last year to $3.66 billion this year.
  • Increased 8.0 percent for the month.

Sales and use tax collections

  • Increased 6.9 percent for the year, from $1.18 billion last year to $1.26 billion this year.
  • Increased 1.9 percent for the month. 

Corporate income tax collections

  • Increased 22.2 percent for the year, from $258.0 million last year to $315.4 million this year.
  • Decreased 23.8 percent for the month.

All other collections

  • Increased 37.8 percent for the year, from $208.9 million last year to $287.9 million this year.
  • Increased 5.2 percent for the month.

Refunds

  • Increased 0.4 percent for the year, from $362.2 million last year to $363.6 million this year.
  • Increased 21.7 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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