JEFFERSON CITY, Mo. – State Budget Director Dan Haug has announced that net general revenue collections for June 2024 increased 3.3 percent compared to those for June 2023, from $1.22 billion last year to $1.26 billion this year.
Net general revenue collections for 2024 fiscal year-to-date increased 1.5 percent compared to June 2023, from $13.23 billion last year to $13.43 billion this year.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
Decreased 9.4 percent for the year, from $9.98 billion last year to $9.05 billion this year.
Decreased 4.3 percent for the month.
Pass Through Entity tax collections
Increased from $0 to $746.4 million this year.
Sales and use tax collections
Increased 8.2 percent for the year, from $2.94 billion last year to $3.18 billion this year.
Decreased 14.9 percent for the month.
Corporate income and corporate franchise tax collections
Decreased 0.8 percent for the year, from $1.06 billion last year to $1.05 billion this year.
Decreased 7.8 percent for the month.
All other collections
Increased 20.2 percent for the year, from $864.2 million last year to $1.04 billion this year.
Increased 9.8 percent for the month.
Refunds
Increased 1.4 percent for the year, from $1.62 billion last year to $1.64 billion this year.
Decreased 62.9 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.