TOPEKA, Kan. (WIBW) - Kansas Revenue officials are putting a footnote on positive revenue numbers out Friday.
The state says May tax receipts topped estimates 12.7 percent - nearly $66 million.
Revenue Secretary Nick Jordan says it's a one-time bump from taxpayers accelerating their income ahead of federal tax increases enacted earlier this year.
The state collected $583.2 million in May. Individual income tax receipts were $58.9 million, which was 23.3 percent more than anticipated. Jordan says that is due in part to larger balances due from 2012 income taxes processed in late April and early May.
"It is important to be cautious when looking at these numbers because federal tax hikes proposed at the end of last year and passed in January likely influenced taxpayer behavior as people worked to ensure that income would be taxes at 2012 rates," Jordan said. "Now we expect things to return to more normal levels."
Overall tax revenue for the 2013 fiscal year is now 1.1 percent above estimates with one month left.