State Budget Director Dan Haug announced that net general revenue collections for November 2022 grew 4.8 percent compared to those for November 2021, from $965.5 million last year to $1.01 billion this year.
Net general revenue collections for the 2022 fiscal year-to-date increased 14.5 percent compared to November 2021, from $4.50 billion last year to $5.15 billion this year.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
- Increased 13.5 percent for the year, from $3.22 billion last year to $3.66 billion this year.
- Increased 8.0 percent for the month.
Sales and use tax collections
- Increased 6.9 percent for the year, from $1.18 billion last year to $1.26 billion this year.
- Increased by 1.9 percent for the month.
Corporate income tax collections
- Increased 22.2 percent for the year, from $258.0 million last year to $315.4 million this year.
- Decreased by 23.8 percent for the month.
All other collections
- Increased 37.8 percent for the year, from $208.9 million last year to $287.9 million this year.
- Increased 5.2 percent for the month.
Refunds
- Increased 0.4 percent for the year, from $362.2 million last year to $363.6 million this year.
- Increased 21.7 percent for the month.
Keep in mind that the figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.
