The state’s February total tax collections came into the Kansas Department of Revenue at $448.3 million; $63.6 million more than estimated.
These collections are $66.4 million or 17.4 percent more than February of fiscal year 2019, according to Kansas Department of Revenue figures.
Individual income taxes saw a $30.5 million increase from the estimate with the collection of $171.5 million; 27.4 percent more than last February. Corporate income tax collections were 10.1 percent above the estimate at $7.2 million; an increase of $3.2 million compared to February fiscal year 2019, according to KDOR.
Revenues from delinquent tax collections, included in February receipts, have also increased substantially this fiscal year, the KDOR stated.
Debt collections through January from past tax years are up 16.8 percent over the previous fiscal year, $113.1 million compared to $96.8 million. Individual income and withholding represent about 52.7 percent of total delinquent collections and sales and use taxes represent about 40.3 percent.
Retail sales tax collections were $2.9 million or 1.6 percent more than estimated at $177.9 million, according to the KDOR. This is an increase of 5.3 percent over fiscal year 2019.
Compensating use tax collections saw a 17 percent increase compared to last fiscal year with collections coming in at $38.9 million.
In Kansas City, Kansas, sales tax collections for February 2020 were reported at $3.59 million, a 4.5 percent increase from $3.43 million in February 2019, according to KDOR statistics.