Quantcast

Sunflower State News

Sunday, November 24, 2024

Kansas' income tax revenue down 22.7 percent in year since Q3 2020

Adobestock 329938633

Adobe Stock

Adobe Stock

Kansas collected $965 million in individual income taxes during the third quarter of 2021, a 22.7 percent decrease from the same period the previous year, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

In the third quarter of 2020, $1.2 billion was collected.

Individual income taxes are based on net personal income and taxes imposed on such income as dividends, interest and income from intangibles.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by state governments.

Overall, Kansas collected $2.7 billion in combined tax revenues in the third quarter of 2021.

Q3 Kansas Tax Collections

Type of TaxAmount (in millions of dollars)
Property Taxes$25
Sales and Gross Receipts Taxes$1,370
License Taxes$94
Income Taxes$1,175
Other Taxes$12

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS