Governor Laura Kelly Announces January Total Tax Collections Continue to Exceed Estimates
TOPEKA – Governor Laura Kelly announced that total tax collections for January were $944.5 million. That is $119.6 million, or 14.5%, more than the monthly estimate. This is also an 18.7% growth over January 2021.
“Over the past three years my administration has taken steps to restore the Kansas economy, and that fiscal responsibility has paved the way to provide direct tax relief to Kansas taxpayers,” Governor Laura Kelly said. “That relief will come specifically through proposals like axing the state’s sales tax on food. I urge the Legislature to send a clean bill to my desk quickly, so we can get this done for Kansas families.”
Individual income tax collections were $542.2 million. That is $82.2 million, or 17.9%, more than the estimate and 18.4% more than the previous January. Wage withholding remains strong going into 2022 reflecting both improved statewide employment and accompanying wage growth.
Retail sales tax collections were $258.2 million for January. This is $18.2 million, or 7.6%, more than the estimate and 14.9% more than January 2021. Compensating use tax collections also exceeded estimates by 5.2%. Those collections are also 30.2% more than the previous January. Both retailer’s sales tax and compensating use tax collections established new monthly collection records in January 2022.
“Individual income tax, corporate income tax, retailer’s sales tax, and compensating use tax all continue to perform well as the state’s primary revenue sources,” Secretary of Revenue Mark Burghart said. “Increased holiday spending in December accounts in large part for the record sales and compensating use tax collections in January.”
View the tax receipts here.