TOPEKA – Governor Laura Kelly today announced that total tax-only collections for January were $1.05 billion. That is $56.2 million, or 5.7%, more than the January estimate. Those collections were also $102.4 million, or 10.8%, more than January 2022.
“Month after month of tax collections surpassing the estimates show that, thanks to our laser-sharp focus on supporting businesses, we are now able to responsibly cut taxes for Kansas families,” Governor Laura Kelly said. “We should start by completely and immediately eliminating the state sales tax on groceries, diapers, and feminine hygiene products, creating a back-to-school sales tax holiday, and providing Social Security income tax relief to Kansas seniors. We will get that done if we work together.”
Individual income tax collections were $494.9 million in January. That is $65.1 million, or 11.6%, less than the estimate and 8.7% less than January 2022. Corporate income tax collections were $166.1 million, which is $131.1 million, or 374.6%, more than the January 2023 estimate. Those collections are $134.5 million, or 425.0%, more than January 2022.
“Corporate tax receipts continue to be higher and individual income receipts lower because of the shift between the two tax types brought about by the SALT Parity Act,” Secretary of Revenue Mark Burghart said. "The SALT Parity Act now allows owners of pass-through entities, such as S corporations, partnerships, and limited liability companies, to elect to have the pass-through entities pay tax at the entity level on the income flowing through to the owners.
Retail sales tax collections were $275.2 million, which is $4.8 million, or 1.7%, less than the January estimate but 6.6% more than January 2022. Compensating use tax collections were $86.1 million, which is $3.9 million, or 4.3%, less than the estimate, but 2.4% more than January 2022.
STATE
Two subjects arrested and fentanyl seized in Pittsburg
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UPDATE: Investigation of letters with suspicious white powder
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SPECIAL: Search continues for missing Parsons man
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NEWS
Commissioners hear reports on Hell’s Bend Bridge
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Evergy reps speak about bridges at commissioners’ meeting
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COMMUNITY
Ten-year-old La Cygne student holds NICU benefit
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Prescott UMC celebrates sesquicentennial
The Prescott United Methodist Church celebrated their sesquicentennial anniversary on Sunday, Apr. 21. According to church member Mary Beth Fornelli, the property for the church was purchased in 1873 and was part of the Mound Circuit with 12 members. The pastor at... [More]
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