Kansas tax revenue, December 2021

For December 2021, Kansas tax revenue was 15.6 percent greater than December 2020, and 42.0 percent more than November.

Tax reports from the State of Kansas for December 2021 show tax revenues rising from the previous month and greater than the same month the prior year.

When reporting on Kansas tax collections, the comparison is usually to the estimated tax collections. Those estimates are revised based on economic conditions affected by the response to the pandemic. To get a feel for the effects of the response to the pandemic, we should compare to the same month the prior year. (The estimated revenue figures are still important because the state bases the budget on them. If the actual revenue is much below the estimated revenue, there may not be enough income to pay expenses.)

For December 2021, individual income tax collections were $355.2 million, up by 15.8 percent from last December. Retail sales tax collections rose by 11.1 percent to $224.3 million from last December. Total tax collections were $890.3 million, up 15.6 percent from last December. A nearby table summarizes. (Click charts and tables for larger versions.)

For fiscal year 2022, which started on July 1, 2021, total tax collections are higher by 2.7 percent over the same period of the previous fiscal year.

I have updated my interactive visualization of Kansas tax revenue with this data. Click here to use it.

The governor’s press release for this data is at Governor Laura Kelly Announces December Total Tax Collections Surpass the Estimate by $64.5 Million/a>. The report from Kansas Legislative Research Department is available on this page.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Posts

  • Kansas employment situation, August 2022

  • Kansas Tax Revenue, August 2022

  • Kansas employment situation, July 2022

  • Kansas Tax Revenue, July 2022

  • Business Formation in Kansas

%d bloggers like this: