Topeka, Kansas – The Kansas Department of Revenue is seeing consistent growth in total tax receipts as it goes into the second half of fiscal year 2020, according to a news release.
The state saw $756.6 million in total tax collections for December; 5.4 percent or $38.6 million above the estimate. These collections are 10.1 percent or $69.7 million more than December of fiscal year 2019.
Individual income tax collections are $316.1 million; 3.3 percent or $10.1 million more than estimated. The largest growth compared to the estimate came from corporate income taxes at $90.7 million; 31.5 percent or $21.7 million more than estimated, according to KDOR.
Corporate income tax collections are 30.3 percent or $21.1 million more than the same month last fiscal year.
Retail sales tax collections were $200.9 million; 0.5 percent or $944,000 more than estimated. Compensating use tax collections were 2.1 percent or $794,100 more than estimated at $38.8 million; $821,400 more than the same month in fiscal year 2019, according to KDOR.
According to KDOR sales tax distribution records, Wyandotte County reported a 4.6 percent increase from December 2018 to December 2019, from $2.06 million to $2.15 million. While it is the December report, the sales tax distribution figures are from sales made a few months previously. There was a 6 percent increase from July-December 2018 to July-December 2019, according to KDOR figures.
Kansas City, Kansas, reported a 3 percent increase from December 2018 to December 2019, according to KDOR sales tax distribution records. The KCK increase was 5.1 percent for the July to December period.