Missouri November Revenue Collections Higher By The Month And Year
Missouri’s net general revenue was higher in November and is now 14.5 percent higher than at this point last year.
State Budget Director Dan Haug reports net general revenue in November of $1.01 billion this year and $965.5 million last year. The individual income tax collections are up 8 percent for the month. Sales and use tax collections are up 1.9 percent for the month. Corporate income tax collections are down 23.8 percent for the month.
The net general revenue collections for the year were up 14.5 percent from November of 2021 at $5.15 billion. Individual income tax collections are 13.5 percent higher for the month. Sales and use tax collections are up 6.9 percent for the year. Corporate income tax collections are up 22.2 percent for the year.