TOPEKA, Kansas – One-time income tax payments totaling more than $50 million helped boost Kansas revenue collections in February ahead of official estimates.
The Kansas Department of Revenue says Friday that overall revenue collections were $97.6 million more than projected. Individual income taxes were $100.7 million more than anticipated, while corporate tax collections were up $4.8 million.
Officials say Kansas collected $329 million in February, beating estimates for $231.4 million. Kansas has collected $3.62 billion in revenues, compared to the $3.5 billion projected for the fiscal year that began July 1.
The gains were partially offset by declines from estimates in sales, use, motor carrier and cigarette taxes and fees.