By Trish Svoboda

Governor Laura Kelly announced that the total tax revenue for March amounted to $760.4 million, surpassing the monthly estimate by $7.0 million or 0.9%. Compared to March 2023, there has been a 0.3% increase in total tax collections.

The collections from individual income tax amounted to $364.9 million, exceeding the month’s estimate by $29.9 million or 8.9%, marking a 16.0% increase from March 2023. On the other hand, corporate income tax collections totaled $77.1 million, falling short of the estimate by $7.9 million or 9.3%, and showing a 24.8% decrease compared to March 2023.

The total receipts from retail sales and compensating use tax came to $261.2 million, falling short of the estimate by $8.8 million or 3.2%. These collections also showed a decrease of $14.2 million or 5.1% compared to March 2023.

“As we continue to work toward cutting taxes, the Legislature must be mindful that any tax relief must be fiscally sustainable,” Governor Laura Kelly said. “The bipartisan tax cuts plan I introduced in January, among other things, eliminates all state income tax on Social Security benefits and provides about $100 million in property tax relief for Kansas homeowners every year.”