Tax collections in December were down $24 million in Kansas, about 3.4 percent below last December, according to figures released Wednesday by the Kansas Department of Revenue.
Individual income tax and sales taxes were down in December, while corporation taxes were up compared to the previous December, KDOR stated.
Fiscal year tax collections exceeded the previous year’s totals by $195.7 million, according to data from a revenue report.
Fiscal year 2019 tax collections so far total $3.39 billion, exceeding current estimates by $13.06 million, according to a news release from the KDOR.
December’s tax collections were down $24.24 million, or 3.41 percent below last December. Tax collections in December exceeded expectations for the month by $10.59 million, according to the KDOR.
Individual income tax collections in December totaled $291.52 million, which is $43.85 million or 13.07 percent below the same time last year, KDOR stated.
Corporation income tax collections in December totaled $69.61 million, which is $22.61 million above current expectations and $29.47 million above the same time last year.
December sales tax collections fell short of last December’s collections by $1.97 million, according to KDOR.