Quantcast

Show-Me State Times

Monday, December 23, 2024

Missouri's miscellaneous tax revenues down 54.5% in Q2 2023

Webp v8juyeie9w65rbudpsan6i30ufga

Wayne Wallingford Director Department of Revenue at Missouri Department of Revenue | Missouri Department of Revenue

Wayne Wallingford Director Department of Revenue at Missouri Department of Revenue | Missouri Department of Revenue

Missouri collected $5 million in miscellaneous tax revenue during the second quarter of 2023, a 54.5% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $11 million in the previous quarter.

Net sales reflect companies' total revenue stream, minus the costs of discounts, allowances and product returns.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q2 2023 Missouri Tax Collections

Type of TaxAmount (millions)
Property Taxes$2
Sales and Gross Receipts Taxes$1,785
Income Taxes$2,985
License Taxes$168
Miscellaneous Taxes$5

Source: U.S. Census Bureau

MORE NEWS