State reports December tax numbers

The State of Kansas ends December 2023 with total tax collections at $1.043 billion. That is $36.9 million, or 3.4%, below the estimate. Total tax collections are down 3.8% from December 2022. Individual income tax collections were $397.1 million. That is $17.1 million, or 4.5%, above the estimate, and up 5.9% from December 2022. Corporate income tax collections were $235.7 million. That is $39.3 million, or 14.3%, below the estimate and down 16.1% from December 2022.