Missouri Releases Revenue Report

Missouri’s net revenue collections for June were up over 20 percent when compared to last year. The year-to-date revenue for the fiscal year was also up substantially when compared to this time in 2021.

The Missouri Budget Department report net general revenue collections for June of 2022 of $1.47 billion this year and compares to a figure of $1.22 billion last year.

Individual income tax collections were up 11.8 percent for the year and 25.6 percent for the month. Sales and use tax collections were up 13.1 percent for the year and 6.6 percent for the month. Corporate income and corporate franchise tax collections were up 14.1 percent for the month and 55.5 percent for the year.