Missouri State Budget Director Dan Haug has announced that 2025 fiscal year-to-date net general revenue collections decreased by 7.3 percent compared to July 2023…from $898.7 million last year to $833.5 million this year.
Showing decreases were individual income tax collections, sales and use tax collections and refunds while pass through entity tax collections, corporate income and franchise tax collections and all other collections showed increases for the year.
Here’s the full report:
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
- Decreased 11.9 percent for the year, from $550.8 million last year to $485.3 million this year.
Pass Through Entity tax collections
- Increased from $0 to $8.6 million this year.
Sales and use tax collections
- Decreased 10.5 percent for the year, from $341.2 million last year to $305.4 million this year.
Corporate income and corporate franchise tax collections
- Increased 20.4 percent for the year, from $42.5 million last year to $51.2 million this year.
All other collections
- Increased 23.7 percent for the year, from $53.7 million last year to $66.4 million this year.
Refunds
- Decreased 6.9 percent for the year, from $89.6 million last year to $83.4 million this year.
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.
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