Kansas’ December Total Tax Collections Up $13.6 Million Compared to Last Fiscal Year
Joe Denoyer - January 5, 2021 10:08 am
TOPEKA – Kansas’ December total tax collections continues the state’s trend of outperforming the estimate. Total tax collections were up $64.5 million, or 9.1%, for the month with $770.2 million collected. That is a $13.6 million, or 1.8%, increase from December of Fiscal Year 2020.
For December, retail sales tax collections were $201.9 million; a $6.9 million, or 3.6%, increase from the estimate. That is 0.5%, or $995,601, more than the same month of last fiscal year. Compensating use tax collections grew 34.4%, or $13.4 million, over last December with the collection of $52.1 million. That’s $7.1 million, or 15.9%, more than estimated.
“With the 2020 tax filing season starting this month, we will get a clearer picture of the economic implications the COVID-19 pandemic has presented over the last ten months and how to address those issues,” Revenue Secretary Mark Burghart said.
Individual income tax collections were $306.7 million; an increase of 2.2%, or $6.7 million, above the estimate. These collections were $9.5 million, or 3.0%, less than the same month of last fiscal year. Corporate income tax collections were $99.2 million for the month; $39.2 million, or 65.4%, more than estimated. That is $8.5 million, or 9.4%, more than last December.