Tax Refunds Cut Into Kansas Revenues

By: Associated Press
By: Associated Press

Stay up-to-date with KAKE News:

Wednesday, February 1, 2012

A high number of Kansas tax refunds added up to lower-than-expected state revenue collections in January.

The Department of Revenue said Tuesday that overall receipts were $30.6 million less than anticipated, with individual income receipts off by $33 million.

Revenue Secretary Nick Jordan says Kansas has seen a 25 percent
increase in electronic tax filings and that many people are getting their refunds earlier than previous years. The agency said refunds are being paid within a week of electronic forms being filed.

On the positive side, Jordan said use-tax collections exceeded estimates by $7 million in January.

For the first seven months of the current fiscal year, overall revenue collections are up 6.2 percent, or $200 million, from the same period last year.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 138515044 - kake.com/a?a=138515044