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Sales, Corporate Taxes Boost Kansas Revenues

KSAL StaffMarch 31, 2014

A new report says better-than-expected collections of Kansas sales and corporate income taxes helped swell state revenue by $12.2 million more than anticipated in March.

Monday’s report from the state Revenue Department also says tax collections through the first eight months of the fiscal year totaled nearly $4 billion, about $130 million more than expected.

Corporate taxes in March had been projected at $30 million but totaled $47.7 million instead. Sales tax receipts in the month were $7.9 million more than the $155 million that was anticipated. 

The state’s fiscal year runs from July 1 through June 30.

Copyright © Rocking M Media, 2020. All Rights Reserved. No part of this story may be reproduced without Rocking M Media’s express consent.

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