Tag: Tax Collections

TOPEKA – The State of Kansas ends June 2025 with total tax collections at $1.06 billion. That is $72.6 million,...

In April 2025, Kansas tax collections reached $1.33 billion, exceeding estimates by $17.6 million but representing a 5.9% decline from April 2024. Individual income tax fell 7.5% year-over-year, while corporate income tax decreased by 6.4%. Retail sales taxes showed growth, prompting discussions on fiscal strategies for future stability.

In May, Kansas's tax collections were $193.0 million (22.7%) below the estimate, with individual income tax collections at $305.2 million (32.2%) lower than estimated. Corporate income tax collections were $39.8 million (57.2%) below the estimate. Despite this, retail sales and compensating use tax receipts were slightly above the estimate. Total tax collections for FY 2024 through May are $8.977 billion, $92.0 million (1.0%) below the estimate.

Kansas Governor Laura Kelly announced that tax collections in March 2024 totaled $760.4 million, exceeding the monthly estimate by 0.9%. Individual income tax collections saw a significant increase, while corporate income tax collections fell below the estimate. The Governor emphasized the need for sustainable tax relief and highlighted a plan for tax cuts and property tax relief.

In February 2024, Kansas tax collections fell $33.1 million (6.0%) below estimates, totaling $521.4 million. Governor Laura Kelly emphasized the need for a sustainable tax cut plan, proposing a bipartisan package. Individual income tax collections were significantly below estimate, while corporate income tax collections exceeded it. Combined retail sales and compensating use tax receipts also fell below estimates.

TOPEKA – Governor Laura Kelly announced today that total tax collections for March 2023 were $758.3 million. That is $64.9...

TOPEKA – Today, Governor Laura Kelly announced that Kansas’ total tax-only receipts for April were $1.5 billion. Those collections are...

TOPEKA – Governor Laura Kelly announced that total tax collections for January were $944.5 million. That is $119.6 million, or...

For January of Fiscal Year 2021, the State of Kansas saw a nearly 10% performance increase in total tax...

The State of Kansas saw a better-than-predicted close to Fiscal Year 2020. In June, the state’s total tax collections...