For July 2020, total Kansas tax revenue rose by 97.7 percent from last July, reflecting the tax deadline postponement from April.
Tax reports from the State of Kansas for July 2020 reveal some of the effects of the response to the pandemic on state finances.
When reporting on Kansas tax collections, the comparison is usually made to the estimated collections. Those estimates were revised in April based on economic conditions affected by the response to the pandemic. To get a feel for the effects of the response to the pandemic, it is best to compare to the same month the prior year.
This year, however, as a response to the pandemic, the state delayed the tax filing deadline from April to July. The effect of this can be seen in both individual and corporate income tax collections. For July 2020, individual income tax collections were $619,554,243, up 173.6 percent from last July. Corporate income tax collections were $69,793,599, up 357.9 percent from last July.
Retail sales tax collections rose by 6.9 percent to $204,575,638. Total tax collections were $980,841,216, up 97.7 percent from the same month last year. A nearby table summarizes.
My report on tax revenue for April details some changes made by the estimating group.
My interactive visualization of Kansas tax revenue has been updated with July 2020 data. Click here to use it.Learn how you can support the Voice for Liberty. Click here.