Missouri tax revenues up nearly 15% in September – Newstalk KZRG

JEFFERSON CITY, MONTH – State Budget Director Dan Haug today announced that net general revenue for September 2022 increased 14.7% from September 2021, from $1.10 billion l last year to $1.26 billion this year.

Net general tax revenue for fiscal year 2023 to date increased 17.2% from September 2021, from $2.76 billion last year to $3.24 billion this year.

RAW COLLECTIONS BY TYPE OF TAX

Collection of personal income tax

  • 14.8% increase for the year, from $1.90 billion last year to $2.18 billion this year.
  • Increase of 8.5% for the month.

Sales and use tax recovery

  • Increase of 4.2% for the year, from $736.9 million last year to $768.0 million this year.
  • Increase of 0.8% for the month.

Collection of corporate income tax and corporate franchise tax

  • 42.7% increase for the year, from $182.0 million last year to $259.7 million this year.
  • 47.9% increase for the month.

All other collections

  • 49.4% increase for the year, from $128.5 million last year to $192.0 million this year.
  • 16.3% increase for the month.

Refunds

  • Decreased 11.9% for the year, from $188.7 million last year to $166.3 million this year.
  • Decreased 35.8% for the month.

The numbers included in the Monthly General Revenue Report represent a snapshot in time and can vary significantly based on a multitude of factors.

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