Missouri State Budget Director Dan Haug says net general revenue for the month of March and year-to-date are both up compared to a year ago.

For the month of March, figures showed an increase of 3.5 percent to $959-point-7 million this year and an increase of 11.9 percent year-to-date up to $9-point-27 billion.

Broken down…collections from individual income tax, sales and use taxes, corporate income and franchise taxes and all other collections were up compared to the same time last year.

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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.

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• March 2023 (FY 23) GR .xlsx