Governor Laura Kelly announced that Kansas tax collections reached $1.02 billion in September, exceeding estimates by $8 million, or 0.8%. This marks a 3.2% increase compared to September 2023.
Individual income tax collections totaled $468.1 million, which is $68.1 million (17%) above expectations and a 19.8% rise from the previous year. In contrast, corporate income tax collections were $228.1 million, falling short by $61.9 million (21.4%) and down 12.8% from September 2023.
Combined retail sales and compensating use tax receipts amounted to $296.4 million, surpassing estimates by $4.4 million (1.5%) but decreasing by $8.7 million (2.8%) compared to the same month last year.
“While total revenues align with our monthly estimates, we remain committed to being fiscally responsible to continue to build on the work we’ve done to restore the state’s fiscal health while providing tax relief,” Governor Laura Kelly said.
To view the September 2024 revenue numbers, click here.