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1-time payments boost Kansas revenues in February

Screen Shot 2014-02-28 at 5.22.08 PMTOPEKA, Kan. (AP) — One-time income tax payments totaling more than $50 million helped boost Kansas revenue collections in February ahead of official estimates.

The Kansas Department of Revenue says Friday that overall revenue collections were $97.6 million more than projected. Individual income taxes were $100.7 million more than anticipated, while corporate tax collections were up $4.8 million.

Officials say Kansas collected $329 million in February, beating estimates for $231.4 million. Kansas has collected $3.62 billion in revenues, compared to the $3.5 billion projected for the fiscal year that began July 1.

The gains were partially offset by declines from estimates in sales, use, motor carrier and cigarette taxes and fees.

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