November revenue receipts $3.1 million more than estimates

By Kansas Department of Revenue
November 26, 2014

November revenue receipts on Wednesday were $3.1 million more than estimates.

Corporate income tax receipts continued a growing trend at $1 million more than estimates and are currently 34 percent higher, or $35 million, for fiscal year 2015 than collections for fiscal year 2014 in November.

Withholding taxes, the individual income tax taken out per paycheck, is about 2 percent more than last year and individual income tax receipts were $3.8 million above expectations.

“This is good news, particularly coupled with the positive unemployment numbers that came out earlier this month,” said Revenue Secretary Nick Jordan