The State of Kansas ended October with total tax collections at $685.4 million. That is 4.1%, below the estimate. Total tax collections are down 7.4% from October of last year. Individual income tax collections were $298.7 million. That is 14.7% below the estimate, and down 16.5% from October 2022. Corporate income tax collections were $57.5 million. That is $27.5 million, or 91.7% higher than the estimate and up 77.2% from October 2022.
Secretary of Revenue Mark Burghart says refunds in October were more than $50 million more than the same time last year. Combined retail sales and compensating use tax receipts were $306.0 million, which is $4.0 million, or 1.3% below the estimate and down $15.7 million, or 4.9%, from October 2022.
