The Kansas Department of Revenue begins the fiscal year 2020 third quarter with total tax receipts above estimates and above the same month of last fiscal year.
Total tax collections came in at $725.5 million, $59.7 million or 9 percent more than estimated, according to a KDOR news release. This is $79.3 million or 12.3 percent more than January of fiscal year 2019.
Retail sales tax collections were $220.8 million; $8.8 million or 4.2 percent more than estimated.
Compensating use tax collections saw a 26.9 percent increase compared to the same month last fiscal year with $52.6 million in collections. This is $7.6 million or 16.8 percent more than estimated.
This increase can be attributed to online shopping trends and the increase in the number of remote retailers registering to collect and remit the compensating use tax that is due and owed to the state, according to the news release.
Individual income tax collections were $408.7 million; $38.7 million or 10.5 percent more than estimated. Those collections are $56.9 million more than the same month last fiscal year.
Corporate income tax collections were $21.3 million; $3.3 million or 18.6 percent more than estimated, according to the report.