Missouri general revenue collections up slightly in fiscal year

Missouri's general revenue collections ticked up slightly in the first half of the state's fiscal year, according to the latest released data.

The Missouri Office of Administration reported in a Jan. 3 news release that net general revenue collections for fiscal 2025 were up 0.1% to $6.14 billion through December, following the start of the fiscal year on July 1. That compares with $6.13 billion for the same six-month period of fiscal 2024.

Gross collections by tax type for fiscal 2025, year to date through December, are below:
• Individual income tax collections, the largest chunk of general revenue collections, increased 16.1% to $3.9 billion.
• Pass-through entity tax collections were down 71.6% to $184.5 million.
• Sales and use tax collections dropped 1.5% to $1.63 billion.
• Corporate income and corporate franchise tax collections fell by 8.5% to $453 million.
• All other collections increased 6.9% to $464.1 million.
• Refunds were up by 7.3% to $488.8 million.