TOPEKA – Total Kansas tax collections for September were $991,6 million, exceeding expectations by $42 million, or 4.4 percent, Gov. Laura Kelly’s office reported Monday.
Individual income tax collections were $390.9 million, which was $24.1 million, or 5.8 percent, below the estimate and down 11.4 percent from September 2022. Corporate income tax collections were $261.5 million. That is $61.5 million, or 30.8 percent, more than the estimate and up 53.7 percent from September 2022.
Wage withholding remains one of the state’s most reliable revenue streams with 12.2 percent growth over September 2022, according to Secretary of Revenue Mark Burghart.
“The SALT Parity Act continues to cause a shift between individual and corporate income tax receipts,” Burghart said, “with the former being $24.1 million below the estimate and the latter being $61.5 million over the estimate,” Burghart said. “Notwithstanding this reporting anomaly, overall tax receipts closely track the Consensus Revenue Estimate for the month of September.”
Combined retail sales and compensating use tax receipts were $305.1 million, which is $5.1 million, or 1.7 percent, more than the estimate and down $4.5 million, or 1.4 percent, from
