Kansas Collects $80M More In Taxes Than Expected In December
Kansas policymakers are closely monitoring monthly revenue reports to determine whether the tax increases passed last June have stabilized the state’s budget. However, recent changes in federal tax law could complicate things.
Kansas Revenue Secretary Sam Williams says state income tax collections in December exceeded projections by a whopping $80 million.
But he says the increase in state tax rates didn’t generate that surge.
"It was caused by Kansans rushing to pay their federal income taxes before the end of the year to avoid a new limit on what they can deduct for state and local taxes," Williams says.
The revenue secretary says Kansas officials will have to wait until after the federal tax filing deadline in April to get a true picture of the state’s revenue situation.
Jim McLean is managing director of KMUW's Kansas News Service, a collaboration of KMUW, Kansas Public Radio and KCUR covering health, education and politics in Kansas. Follow him on Twitter @jmcleanks.
To contact KMUW News or to send in a news tip, reach us at firstname.lastname@example.org.