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Total Tax Collections Up For Kansas

 

 Total tax-only collections for February were above monthly estimates and higher than a year ago.

 Total tax collections were $549.8 million, $36.8 million higher than the monthly estimate, and $47.3 million higher than February 2022.

 Individual income tax collections were $211.3 million in February, $6.3 million above the estimate, and $27.9 million more than in February 2022.

Corporate income tax collections were $15.3 million, 2.2% more than the February 2023 estimate.

 Retail sales tax collections were $203.8 million, $13.8 million more than the estimate, and $8.5 million greater than February 2022. Compensating use tax collections were $64.2 million, 1.3%, less than the estimate, but $4.7 million more than in February 2022.

 Governor Laura Kelly says revenues have exceeded estimates for 30 out of the last 31 months, a sign that efforts to make Kansas a place where businesses and families want to call home are paying off.

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