Governor announces tax collections

Governor Laura Kelly announced today that total tax collections for May were $910.1 million – $239.5 million, or 35.7%, higher than the estimate for the month. Individual income tax collections were $518.4 million. That is $198.4 million, or 62.0%, above the estimate. Corporate income tax collections were $51.4 million –$33.4 million, or 185.6%, more than the estimate. Retail sales tax collections were $240.8 million – $13.8 million, or 6.1%, over the estimate and 5.7% over May 2021 sales tax receipts. Compensating use tax collections were $64.8 million, which is $2.2 million below the estimate but 19.1% greater than May 2021.