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KS State July Revenue Figures Fail to Meet Estimates Date: July 30, 2010
Preliminary figures from the Kansas Department of Revenue show state tax collections in July were $424,000 below expectations. Kansas raised its sales tax to 6.3 percent from the previous 5.3 percent with the start of the new fiscal year July 1. But even with the increase, today's (FRI) report shows sales tax collections for the month $2.3 million lower than anticipated. Overall tax revenue for July totaled $378.9 million, compared with an expected $379.3 million. Kansas collected $344.3 million in taxes in July 2009. Offsetting the decline in sale taxes were increased collections of individual income taxes and corporate franchise fees. Income taxes beat the estimate by more than $1 million.

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