TOPEKA –The Kansas’State General Fund saw its total tax receipts for July perform $60.0 million, or 11.0%, better than the estimate with $602.6 million collected, according to a media release from Governor Laura Kelly.
To view the entire report, click here.
Comparing this July’s total tax receipts to the previous July’s would not be a meaningful comparison as last July included receipts from tax returns from the extended filing period, according to the release.
“Our July tax collection numbers are encouraging, but we must maintain fiscally-responsible policies to ensure our continued growth,” said Governor Laura Kelly.
Individual income tax receipts were $20.8 million, or 8.9%, more than the estimate with $255.8 million collected. Corporate income tax collections were $34.2 million. That is $19.2 million, or 8.9%, more than the estimate.
Retail sales tax collections were up $11.6 million, or 5.2%, for the month with $233.6 million collected. That is $15.0 million, or 6.9%, more than the previous July. Compensating use tax collections were $4.3 million, or 7.8%, more than the estimate with $59.3 million collected. That is 17.8%, or $9.0 million, more than last July.
“Consumer spending on goods and services has not slowed down,” Revenue Secretary Mark Burghart said. “Combined sales and use tax receipts at $292.9 million were 8.9% above July 2020 and 20.3% above pre-pandemic July 2019. Our economists are watching closely to determine if the spread of the COVID-19 Delta variant will impact what has been a strong economic recovery in Kansas.”