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(MSC News)--The State of Kansas ends January 2024 with total tax collections at $928.6 million. That is $64.1 million, or 6.5%, below the estimate. Total tax collections are down 11.3% from January 2023.
A State of Kansas news release shows that individual income tax collections were $475.9 million. That is $19.1 million, or 3.9%, below the estimate, and down 3.9% from January 2023. Corporate income tax collections were $89.8 million. That is $25.2 million, or 21.9%, below the estimate and down 45.9% from January 2023.
Combined retail sales and compensating use tax receipts were $344.3 million, which is $18.7 million, or 5.1%, below the estimate and down $16.9 million, or 4.7%, from January 2023.
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