The state saw November’s total tax collections come in at $533.8 million, 2.3 percent or $12.2 million more than estimated, according to figures released by the Kansas Department of Revenue.
This is an increase of $33.9 million or 6.8 percent compared to November of fiscal year 2019, according to the KDOR.
Individual income tax collections were $252.5 million, $2.2 million or 0.9 percent more than the estimate. These collections are 7.4 percent ahead of the same month in FY19, KDOR reported.
Corporate income tax collections were $674,400 below the estimate at $10.5 million. These collections were $4.2 million or 65.8 percent more than the same period from last fiscal year.
Retail and compensating use tax collections were ahead of the estimate. Retail sales tax collections were $201.5 million, $6.5 million ahead of the estimate. Compensating use tax collections were $550,000 or 1.3 percent more than estimated at $41.3 million.
“We are on target with our estimates and are encouraged by what we are seeing when compared to last fiscal year,” KDOR Secretary Mark Burghart said in a news release. “As we enter the holiday season, we expect the retail sales and compensating use collections numbers to increase.”