Wednesday, 01 December 2021
Login |  Register 
MSC News National Headlines Sports Top Headlines CBS US News CBS Technology
State of Kansas Tax Collections $40.2 million Above Estimates
09/02/2020
 

Governor Laura Kelly announced that in its second month of Fiscal Year 2021, the State of Kansas continued to see total tax collections performing above estimates. Total tax collections for August were $543.5 million. That is $40.2 million, or 8.0%, more than the estimate. That is 9.3%, or $46.3 million, ahead of last August.

“While this news shows that the steps we have taken to protect our economy are working, we have to remain fiscally cautious,” Governor Laura Kelly said. “The state of Kansas is still recovering from COVID-19 and we have to stay vigilant. That means all Kansans should wear a mask, practice social distancing and avoid mass gatherings so we can keep our schools and our businesses open.”

August's individual income tax collections were 12.9%, or $31.0 million, more than the estimate with $271.0 million collected. Compared to the same month last fiscal year, that is a 17.2%, or $39.7 million in growth. Corporate income tax collections were 10.5% more than August of last fiscal year with $7.3 million collected. That is $2.3 million, or 46.9%, more than the estimate.

Retail sales tax collections were 2.5%, or $5.1 million, more than the estimate with $207.1 million collected. That is a $1.8 million growth compared to the same month of last fiscal year. Compensating use tax collections were $12.7 million, or 38.9%, more than last August with $45.3 million collected. That is $9.3 million more than estimated.

So far, the state has collected $95.7 million in compensating use taxes for the fiscal year; a $24.0 million, or 33.6%, increase compared to the same two months of last fiscal year.

"The year-over-year increase in compensating use tax collections demonstrates the importance of increasing the number of registrations by remote sellers," Secretary Mark Burghart said. "By increasing the number of out-of-state retailer registrations, we create fairness between out-of-state online retailers and main street Kansas."

The state is $35.6 million, or 2.4%, ahead of projections for the year with $1.5 billion in total tax collections for the fiscal year. When comparing total tax collections over the same timeframe to the previous fiscal year, the State of Kansas is $531.0 million, or 53.5%, ahead of Fiscal Year 2020.

 

You will need to be logged in to leave a comment.
Please Login

characters left

The posting of advertisements, profanity, or personal attacks is prohibited.
Click here to review our Terms of Use.



MOST VIEWED STORIES
Humboldt fire claims one life
Atchison woman killed in Kansas City shooting
Atchison's Lakefest 2022 lineup announced
Victim of fatal St. Joseph shooting identified
Oklahoma man sentenced for motor vehicle homicide
Victim identified in Humboldt fire
Man jailed following pursuit in Richardson County
Atchison city manager search underway
Biden vaccine rule for health workers blocked in 10 states
Three area chief judges re-appointed
KS housing study findings to be presented at Atchison meeting
Community survey sent throughout Atchison
SE Nebraska District Judge retiring
Oskaloosa man arrested on child-sex charges
USD 380 awarded grant
ARPA funds used to pay for courthouse plumbing repairs
Falls City Rotary Club donates playground equipment
Falls City cleanup event successful
Pediatric vaccine clinic set in Doniphan County
COVID-19 percentages on the rise in Richardson County

Click Here For All Stories


LATEST STORIES
Fees going up at Brown Co transfer station
Oskaloosa man arrested on child-sex charges
Victim identified in Humboldt fire
ARPA funds used to pay for courthouse plumbing repairs
COVID-19 percentages on the rise in Richardson County
Pediatric vaccine clinic set in Doniphan County
Victim of fatal St. Joseph shooting identified
Biden vaccine rule for health workers blocked in 10 states
Three area chief judges re-appointed
KS housing study findings to be presented at Atchison meeting
Click Here For All Stories

©2021 MSC News
Hiawatha, Ks 66434
EEO Public Report
KNZA - KLZA - KMZA - KTNC - KAIR
Powered by Radio Media Group
172.70.174.141