Saturday, 27 February 2021
Login |  Register 
MSC News National Headlines Tech Talk Sports Top Headlines
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
Man who died after traffic stop identified
Two local residents involved in multi-vehicle fatal crash
Faucett duffel bag body leads to murder charge
Slow speed pursuit leads to arrest
One injured in Sunday Brown Co wreck
Atchison wreck injures one
Valley Falls parking lot accident leaves man injured
Atchison mall demolition set to start
Elwood man convicted in death of his girlfriend in Iowa
Holton Police Chief to retire
Listen: 1 A violations alleged in Atchison Co
Ballpark purchase proposal considered by City
Atchison Co thefts investigated
Brown Co Commission receives COVID-19 update  
Fire destroys Auburn, Neb business
Doniphan Co mask mandate rescinded
Pandemic mandates remain in place for Atchison Co
Goff man enters plea in child sex case
KDOT to close Atchison roadway for repairs
Minor injury in I-29 wreck

Click Here For All Stories


LATEST STORIES
Jackson Co reports additional COVID-related deaths
Atchison begins slow return to pre-pandemic normal
Goff man enters plea in child sex case
Pawnee County Board takes action on Road Department items
Excavator purchase approved by Richardson County Board
Security system upgrades planned at Nemaha Co Jail
Elwood man convicted in death of his girlfriend in Iowa
Atchison success honored during virtual meeting
Listen: 1 A violations alleged in Atchison Co
Pawnee County Assessor to retire
Click Here For All Stories

©2021 MSC News
Hiawatha, Ks 66434
EEO Public Report
KNZA - KLZA - KMZA - KTNC - KAIR
Powered by Radio Media Group
162.158.78.6