Salina, KS

Now: 103 °

Currently: Fair

Hi: 105 ° | Lo: 75 °

Kansas Revenue Collections Up In May

KSAL StaffJune 1, 2013

TOPEKA, Kan. (AP) – Kansas revenue collections exceeded estimates by $65.9 million in May, aided by one time revenue paid by taxpayers who made payments ahead of federal tax increases.

The Kansas Department of Revenue said Friday that the state collected $583.2 million in May, an increase of 12.7 percent above the $517.4 million that was anticipated, based on revised April revenue forecasts.

The agency says the increase is because of larger payments for 2012 income taxes collected in late April and May after the annual tax filing deadline.

Revenue Secretary Nick Jordan said federal tax increases approved in January likely influenced taxpayer decisions to get their returns filed at 2012 rates.

Jordan expects Kansas collections to return to normal growth levels in coming months.

Copyright © Meridian Media, 2021. All Rights Reserved. No part of this story may be reproduced without Meridian Media’s express consent.

CATEGORIES :

RELATED POSTS

Kansas revenues short $18M in October

October 31, 2013 7:33 pm



STAY IN TOUCH!

GET OUR APP!

LATEST POSTS

Van Parts Stolen
June 16, 2021Comments
Business Trailer Stolen
June 16, 2021Comments
KWU Professors Earn Promo...
June 15, 2021Comments
Salina Student Designs Wi...
June 15, 2021Comments

LATEST TWEETS

Read all tweets