Total tax collections for the month of May in the state of Kansas fell nearly 6% from the previous year. Kansas Governor Laura Kelly has announced that the total tax collections for May 2023 tallied $857.3 million, which is about 38.8 million – 4.7% above what was estimated. Kelly says thanks to great recruitment of businesses, more jobs created, and a growing economy, Kansas is in a position to pass responsible affordable tax cuts, and called on legislators to do just that when they return next session.
Individual income tax collection totaled $440.1 million, which is about 2.9% – below the estimate. The number is also down about 15.1% from may 2022. Corporate income tax collections were $91.2 million – 140% – higher than what was estimated. The drastic increase can partly be attributed to the continued impact of the Salt Parity Act. Overall, tax collections were down about 5.8% from last year
