News from 102.5 The River

State announces January tax collections

The State of Kansas ends January 2025 with total tax collections at $942.8 million. That is $15.9 million, or 1.7%, above the estimate. Total tax collections are up 1.5% from January 2024. Individual income tax collections were $500.1 million, $25.1 million or 5.3% above the estimate, and up 5.1% from January 2024. Corporate income tax collections were $73.0 million, $20.0 million or 21.5% below the estimate, and down 18.7% from January 2024. Combined retail sales and compensating use tax receipts were $348.8 million, $11.8 million or 3.5% above the estimate, and up $4.5 million or 1.3% from January 2024.

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