JEFFERSON CITY, Mo. – State Budget Director Dan Haug announced on Wednesday 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.
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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.
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