JEFFERSON CITY – State Budget Director Dan Haug announced today that net general revenue collections for May 2022 increased 46.2 percent compared to those for May 2021, from $1.22 billion last year to $1.78 billion this year.
Net general revenue collections for 2022 fiscal year-to-date increased 13.9 percent compared to May 2021, from $10.02 billion last year to $11.41 billion this year.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
Increased 10.5 percent for the year, from $8.10 billion last year to $8.95 billion this year.
Increased 45.3 percent for the month.
Sales and use tax collections
Increased 13.7 percent for the year, from $2.22 billion last year to $2.52 billion this year.
Increased 3.4 percent for the month.
Corporate income and corporate franchise tax collections
Increased 6.8 percent for the year, from $676.0 million last year to $721.7 million this year.
Decreased 20.1 percent for the month.
All other collections
Increased 4.4 percent for the year, from $490.2 million last year to $511.7 million this year.
Increased 32.0 percent for the month.
Refunds
Decreased 11.8 percent for the year, from $1.46 billion last year to $1.29 billion this year.
Decreased 33.7 percent for the month.