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*For Immediate Release                                                                                              Contact:  Dan Haug*

*January 4, 2024                                                                                                                  573-751-2345*

*State Releases December 2023 General Revenue Report*

*JEFFERSON CITY, Mo.* - State Budget Director Dan Haug announced today that net general revenue collections for December 2023 grew 0.6 percent compared to those for December 2022, from $1.08 billion last year to $1.09 billion this year.

Net general revenue collections for 2024 fiscal year-to-date decreased 1.7 percent compared to December 2022, from $6.24 billion last year to $6.13 billion this year.

GROSS COLLECTIONS BY TAX TYPE

_Individual income tax collections_

* Decreased 22.7 percent for the year, from $4.34 billion last year to $3.36 billion this year.
* Decreased 50.5 percent for the month.

_Pass-Through Entity tax collections_

* Increased from $0 to $648.9 million this year.

_Sales and use tax collections_

* Increased 10.5 percent for the year, from $1.50 billion last year to $1.65 billion this year.
* Decreased 1.4 percent for the month. 

_Corporate income tax collections_

* Increased 2.4 percent for the year, from $483.9 million last year to $495.4 million this year.
* Decreased 2.6 percent for the month.

_All other collections_

* Increased 28.4 percent for the year, from $338.2 million last year to $434.3 million this year.
* Increased 110.7 percent for the month.

_Refunds_

* Increased 8.6 percent for the year, from $419.9 million last year to $455.8 million this year.
* Increased 12.4 percent for the month.

"Pass-Through Entity tax collections were previously reported within Individual Income, which makes growth in Individual Income tax collections appear artificially low."

"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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* 2023-12 (December FY24).xlsx [ [link removed] ]

  Missouri Department of Administrative Services [ [link removed] ]
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