Kansas continues to bust tax collection estimates in Aug. 2022

TOPEKA, Kan. (WIBW) – Kansas continues to bust tax assortment estimates in August 2022, with just one space not making the minimize.

Kansas Governor Laura Kelly says on Friday, Sept. 2, she introduced the state’s August whole tax receipts collected $652.5 million – about $11.2 million greater than the estimate and $23.5 million or 3.7% larger than collections throughout the identical interval in 2021.

“It’s due to robust revenues and monetary duty that we’ve got been in a position to minimize property and grocery taxes, strengthen infrastructure, fund legislation enforcement, and totally fund public training,” Gov. Kelly mentioned. “For the twenty fifth consecutive month, we’ve got met or exceeded the income estimate, exhibiting that we’re offering companies a steady financial atmosphere to develop and succeed.”

Kelly famous that particular person revenue tax collections have been $307.3 million – or 2.4% – greater than the estimate. In the meantime, company revenue tax collections have been $15.5 million – or 3.1% – greater than estimated.

The Governor additionally mentioned that August retail gross sales tax collections have been $239.6 million – 1.9% – larger than the estimate and $13.1 million – 5.8% – greater than the August 2021 assortment.

Nevertheless, Kelly indicated that compensating use tax collections have been $63.3 million – which is about $1.7 million lower than estimated, however nonetheless $4.8 million – 8.2% – greater than collections in Aug. 2021.

When considered within the mixture, Kelly mentioned gross sales and compensating use tax receipts are $17.9 million – 6.3% – higher than they have been in 2021.

To see the complete tax receipts spreadsheet for August 2022, click on HERE.

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