OA50

*For Immediate Release                                                                                              Contact:  Dan Haug*

*April 5, 2023                                                                                                                         573-751-2345*

*State Releases March 2023 General Revenue Report*

*JEFFERSON CITY, Mo.* - State Budget Director Dan Haug announced today that net general revenue collections for March 2023 increased 3.5 percent compared to those for March 2022, from $926.9 million last year to $959.7 million this year.

Net general revenue collections for 2023 fiscal year-to-date increased 11.9 percent compared to March 2022, from 8.29 billion last year to $9.27 billion this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

* Increased 11.2 percent for the year, from $6.22 billion last year to $6.92 billion this year.
* Increased 3.0 percent for the month.

Sales and use tax collections

* Increased 7.9 percent for the year, from $2.05 billion last year to $2.22 billion this year.
* Decreased 2.5 percent for the month. 

Corporate income and corporate franchise tax collections

* Increased 22.6 percent for the year, from $511.9 million last year to $627.9 million this year.
* Increased 49.7 percent for the month.

All other collections

* Increased 40.8 percent for the year, from $395.9 million last year to $557.4 million this year.
* Increased 36.9 percent for the month.

Refunds

* Increased 17.0 percent for the year, from $895.3 million last year to $1.05 billion this year.
* Increased 15.4 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."

###


* March 2023 (FY 23) GR .xlsx [ [link removed] ]

  Missouri Department of Administrative Services [ [link removed] ]
STAY CONNECTED: Follow us on Twitter [ [link removed] ] Find us on Facebook [ [link removed] ] Sign up for email updates [ [link removed] ] Follow us on YouTube [ [link removed] ]

Bookmark and Share [ [link removed] ]




SUBSCRIBER SERVICES:



Preferences [ [link removed] ]    |   Help [ [link removed] ]
Unsubscribe [ [link removed] ]  |  Contact Us [ [link removed] ]



 

________________________________________________________________________

This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of: Missouri Office of Administration · 301 West High Street · Jefferson City, MO 65101 GovDelivery logo [ [link removed] ]