Kansas continues to rake in tax collections. For May over $910 million was brought in, over 35% higher than the estimate for the month. Individual Income Tax collections were $518.4 million. That is 198.4 million, or 62% above the estimate. Corporate Income Tax collections were $51.4 million— $33.4 million or a whopping 185.6% more than the estimate.
Revenue Secretary, Mark Burghart, says that the May receipts reflect a strong performance by the Individual and Corporate Income Tax types. He says tax receipts were not influenced by extensions of tax filing deadlines, as had been the case in May 2020 and 2021. He adds that Retail Sales and Compensating Use Tax receipts also continue to reflect the stability they have shown for the past 10 months.
