$961 million in taxes collected in Kansas during September

TOPEKA, Kan. (WIBW) – About $961 million in taxes was collected within the State of Kansas through the month of September.

Kansas Governor Laura Kelly introduced on Monday, Oct. 3, that the Sunflower State’s tax receipts in September totaled $961 million – about $96.2 million, or 11.1%, greater than estimated. She stated that’s an $84.5 million – 9.6% – progress from September 2021.

“Due to our laser-sharp deal with creating high quality jobs and attracting enterprise to Kansas, we’ve now seen 26 months of income surpluses,” Gov. Kelly stated. “That has enabled us to supply tax credit for lecturers and lower taxes for seniors, veterans, householders, and companies – all whereas paying off money owed and absolutely funding our faculties.  These income estimates present we’re making Kansas one of the best place to dwell, work, and lift a household.”

Kelly famous that particular person revenue tax collections elevated by $31.3 million – 7.6% – to $441.3 million. She stated that’s about $34.5 million – 8.5% – greater than final yr.

The Governor indicated that company revenue tax receipts in September – that are principally made up of estimated tax funds – have additionally continued to pattern upwards. She stated company revenue tax collections elevated by $49.2 million – 40.6% – to $170.2 million. She stated that could be a progress of $24.9 million – 17.1% – from final yr.

“The upper-than-expected company estimated funds means that companies once more anticipate favorable revenue margins in 2022,” Income Secretary Mark Burghart stated.

Kelly famous that the mixed retail gross sales tax and compensating use collections totaled $309.6 million, which is about $23.7 million – 8.3% – greater than final September.

To see the September 2022 tax receipts spreadsheet, click on HERE.

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