General October revenue increased 23% from 2020

Missouri net general revenue for the last month increased by almost 23% compared to October 2020, according to the latest General Income Report.

Collections have grown from $ 632 million last year to $ 775 million this year. Net general revenue collected for the year fell 5% from last October, from $ 3.7 billion last year to $ 3.5 billion this year. Individual income tax collection sank more than 11% for the year, from $ 2.8 billion in October 2020 to $ 2.5 billion this year, but rose 26.5% for the month.

Sales and use tax collections rose more than 19% for the year, from $ 773 million last year to over $ 923 million this year, while increasing by about 7% for the month. Corporate and franchise tax revenues fell more than 12% for the year, from $ 277 million last year to $ 243 million this year. Corporate collections saw an increase of almost 44% compared to September.

All other collections grew 10% for the year, from $ 132.7 million last year to $ 146 million this year, and are down about 15% for the month. Refunds edged down slightly for the year, from $ 299 million in 2020 to $ 298.4 million this year, but were up 15% for the month.

The report noted the continued impacts of COVID-19[feminine: La date limite de déclaration de l’impôt sur le revenu de 2020 a été reportée à la mi-juillet, ce qui a un impact négatif sur les comparaisons avec les exercices 2021 et 2022, selon le Bureau de l’administration.

L’État a clôturé l’exercice 2021 dans une position plus saine que l’année dernière; les revenus ont considérablement chuté en mars dernier alors que la pandémie s’emparait du pays, et les revenus sont restés faibles avant de rebondir d’ici la fin de l’exercice. Recettes générales et taux de chômage sont restés en bonne santé en 2021.


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