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Kansas Revenues Top Expectations
08/01/2012

Kansas revenue officials say payments of corporate income taxes helped push state revenue above expectations for the first month of the new fiscal year. The Revenue Department reported Tuesday that overall receipts in July totaled $457.8 million - about $2.7 million better than the official forecast. Corporations paid nearly $14 million in state income taxes last month, compared with an expected $10 million. Payments of individual income taxes were on the mark at $205 million. The department says use tax receipts were about $1 million more than expected, suggesting businesses are buying more equipment. The overall July receipts came in at $20 million more than total revenue in the same month last year.
© Associated Press
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