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________________________________________________________________________
*For Immediate Release: *
January 2, 2025
*Contact: *
Grace Hoge
[email protected]
Governor Kelly Announces December Total
Tax Collections Surpass Estimate by $66.7M
*
TOPEKA* – The State of Kansas ends December 2024 with total tax collections at $1.1 billion. That is $66.7 million, or 6.3%, above the estimate. Total tax collections are up 8.1% from December 2023.
“As I’ve highlighted before, even though our state’s revenues are healthy, we must practice fiscal responsibility,” *Governor Laura Kelly said.* “That is how we will continue to maintain economic growth and preserve our fiscal stability.”
Individual income tax collections were $451.5 million, $31.5 million or 7.5% above the estimate, and up 13.7% from December 2023. Corporate income tax collections were $275.4 million, $45.4 million or 19.7% above the estimate, and up 16.8% from December 2023.
Combined retail sales and compensating use tax receipts were $285.4 million, $13.6 million or 4.5% below the estimate, and down $17.0 million or 5.6% from December 2023.
Click here [ [link removed] ] to view the December 2024 revenue numbers.
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