Kansas Revenue Tops Expectations in July
Associated Press - Tue 06:45 PM 07/31/2012
The Revenue Department reported Tuesday that overall receipts in July totaled $457.8 million - about $2.7 million better than the official forecast.
Kansas revenue officials say payments of corporate income taxes helped push state revenue above expectations for the first month of the new fiscal year.
The Revenue Department reported Tuesday that overall receipts in July totaled $457.8 million - about $2.7 million better than the official forecast.
Corporations paid nearly $14 million in state income taxes last month, compared with an expected $10 million. Payments of individual income taxes were on the mark at $205 million.
The department says use tax receipts were about $1 million more than expected, suggesting businesses are buying more equipment.
The overall July receipts came in at $20 million more than total revenue in the same month last year.
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RedNeckWatch
Wednesday 1 August 2012 23:16 Report this comment
Then be good Republicans and give it back to the taxpayers.
Aurora
Wednesday 1 August 2012 23:56 Report this comment
or give it back to schools.
SalinaSenior
Thursday 2 August 2012 07:50 Report this comment
The Republicans giving it back to the taxpayers or education HAHA. No, they are going to give HUGE tax breaks to millionaires and billionaire. Which does not do anything except make big deficits. Then expect the middle class and poor to pay more taxes for everything else.