The calm-before-the-storm state revenue report for March revealed a narrow uptick in income and sales tax collections.
In one month, the April report from the Kansas Department of Revenue is expected to reflect economic damage of a massive business slowdown and the influence of a decision by Gov. Laura Kelly to extend the deadline for filing state income tax returns until July 15.
“As consumer spending patterns change, retail sales tax and compensating use tax collections could experience a major decline in the months to come,” said Mark Burghart, secretary of the state’s revenue department. “We expect the uncertain business and employment landscape to negatively affect withholding and estimated income taxes.”
Read more: Community – Cherokee County News Advocate)