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Thursday, November 21, 2024

Missouri's miscellaneous tax revenues down 90.9% since Q4 2023

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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 $3 million in miscellaneous tax revenue during the fourth quarter of 2023, a 90.9% decrease from the same period the previous year when $33 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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.

Q4 2023 Missouri Tax Collections

Type of TaxAmount (millions)
Property Taxes$11
Sales and Gross Receipts Taxes$1,888
Income Taxes$2,052
License Taxes$187
Miscellaneous Taxes$3

Source: U.S. Census Bureau

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