For May 2020, total Kansas tax revenue fell by 20 percent from last May.
Tax reports from the State of Kansas for May 2020 reveal some of the effects of the response to the pandemic on state finances.
When reporting on Kansas tax collections, 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 May 2020, individual income tax collections were $215,902,744, down 22.3 percent from last May. Retail sales tax collections declined by 13.6 percent to $173,858,126. Total tax collections were $448,655,015, down 20.3 percent. 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 May data. Click here to use it.Learn how you can support the Voice for Liberty. Click here.