New numbers on Kansas tax collections

The State of Kansas ends October with total tax collections at $668.2 million. That is $23.4 million, or 3.4%, below the estimate. Total tax collections are down 2.5% from October 2023. Individual income tax collections were $311.5 million. That is $1.5 million, or 0.5% above the estimate, and up 4.3% from October 2023. Corporate income tax collections were $38.1 million. That is $21.9 million, or 36.5% below the estimate, and down 33.7% from October 2023. Combined retail sales and compensating use tax receipts were $294.6 million, which is $3.4 million, or 1.1% below the estimate, and down $11.4 million, or 3.7%, from October 2023.