KS Tax Collections Exceed $900 Million

Governor Laura Kelly Announces May Total Tax Collections Exceed $900 Million

TOPEKA – Governor Laura Kelly announced today that total tax collections for May were $910.1 million – $239.5 million, or 35.7%, higher than the estimate for the month.

“Our tax collection receipts continue to show the state’s fiscal health and the work my Administration has done to ensure Kansas is on solid financial footing,” Governor Kelly said. “We will continue our work to be fiscally responsible while providing tax cuts and fully funding schools, law enforcement, and roads.”

Individual income tax collections were $518.4 million. That is $198.4 million, or 62.0%, above the estimate. Corporate income tax collections were $51.4 million –$33.4 million, or 185.6%, more than the estimate.

Retail sales tax collections were $240.8 million – $13.8 million, or 6.1%, over the estimate and 5.7% over May 2021 sales tax receipts. Compensating use tax collections were $64.8 million, which is $2.2 million below the estimate but 19.1% greater than May 2021.

“May receipts reflect strong performances by the individual and corporate income tax types. Income tax receipts were not influenced by extensions of tax filing deadlines as had been the case in May 2020 and 2021,” Revenue Secretary Mark Burghart said. “Retail sales and compensating use tax receipts also continue to reflect the stability they have shown for the past 10 months.”

The spreadsheet for May tax collections can be found here.

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