For August 2020, total Kansas tax revenue fell by 43 percent from July, reflecting the tax deadline postponement from April to July.
Tax reports from the State of Kansas for August 2020 show tax revenues recovering from the effects of the response to the pandemic.
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.
For August 2020, individual income tax collections were $270,957,227, up 1.2 percent from last August. Retail sales tax collections rose by 0.9 percent to $207,091,484. Total tax collections were $543,492,901, up 9.3 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 August data. Click here to use it.Learn how you can support the Voice for Liberty. Click here.