Newspaper article The Topeka Capital-Journal

Taxes Beat Forecast

Newspaper article The Topeka Capital-Journal

Taxes Beat Forecast

Article excerpt

Kansas income tax collections are ahead of estimates by 7.2 percent for the first fiscal quarter under a new income tax increase, the Kansas Department of Revenue announced Thursday.

Between July 1 and Sept. 30, the state collected $756.4 million in income taxes, putting it more ahead of last years' estimates by 19 percent. July 1 marked the beginning of the new fiscal year and a tax plan expected to boost revenue by $1.2 billion in two years.

The state has collected $1.5 billion in total taxes in that time frame, putting it 10.4 percent ahead of estimates.

Large revenue gains were seen in income and corporate income taxes, but consumption taxes for cigarettes and tobacco products and liquor gallons also increased.

"I'm pleased to see continued strength in sales tax and corporate income tax revenue," Revenue Secretary Sam Williams said in a news release. …

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