Latest news with #KansasDepartmentofRevenue
Yahoo
03-06-2025
- Business
- Yahoo
Kansas' surge in individual income tax collections exceeds May projection by 85%
The Kansas Department of Revenue reported the state received an unexpected burst in individual income tax collections that exceeded expectations for May by $144 million or 85.1%. The image is of a statue honoring President Abraham Lincoln that sits on the south side of the Kansas Capitol. (Sherman Smith/Kansas Reflector) TOPEKA — A surprise outpouring of individual income tax receipts in May drove overall Kansas revenue collections $158 million above the monthly projection. The Kansas Department of Revenue received $657 million during the month, which was 31.7% above the estimate for May. 'Surpassing estimates this month is a positive indicator, but we remain diligent and focused on maintaining long-term financial health,' said Gov. Laura Kelly. The revenue department said individual income tax collections in May totaled $314 million. That was $144 million or 85.1% above the estimate for the month and a 3.1% increase over May 2024. In terms of corporate income taxes, the state took in $29.2 million — a figure $840,880 or 2.8% below the estimate for May. It represented a decrease of 26.8% from May 2024. Combined retail sales and compensating use tax receipts in May were $282 million. The total surpassed the projection by $11.1 million or 4.1% and was consistent with the total in May 2024. House Speaker Dan Hawkins, a Wichita Republican seeking the GOP nomination for state insurance commissioner in 2026, said the 2024 Legislature was justified in passing a substantial tax reform bill signed into law by the Democratic governor. The bill offered an estimated $1.2 billion in tax relief over a three-year period. 'When we put money back in taxpayers' pockets, not big government, Kansas families and communities thrive,' Hawkins said. The 2024 law negotiated by Kelly, Hawkins and Senate President Ty Masterson established a two-bracket system for calculating personal income taxes. For married individuals filing jointly, taxable income up to $46,000 would be taxed at 5.2%, while taxable income above $46,001 would be taxed at 5.58%. Kansas' previous three-bracket system pegged rates at 3.1%, 5.2% and 5.7% depending on income. Under the 2024 legislation, the personal exemption and standard deduction on state income taxes were raised and the state income tax on Social Security benefits was abolished. 'These latest revenue numbers clearly show that passing the comprehensive tax relief package last year was hands down the right move,' Hawkins said. 'Kansas is in a strong position as long as we stay focused on smart, conservative leadership.'
Yahoo
30-05-2025
- Business
- Yahoo
Seized assets: Auctions set for Wichita restaurant, prime real estate
WICHITA, Kan. (KSNW) — One month ago, state agents seized the assets of The Anchor restaurant near Old Town and slapped a seizure notice on the door. The Kansas Department of Revenue said The Anchor owed more than $32,000 in taxes. On Friday, McCurdy Real Estate & Auction announced two auctions involving the property in the center of Wichita, on East Douglas, just east of Washington. The real estate auction is for more than half an acre, including The Anchor restaurant space, the former Douglas Avenue Chop Shop, the former Hell Bomb tattoo shop, and additional parking lots. 'This represents a remarkable opportunity for someone to step in and preserve a beloved Wichita institution or pursue a prime commercial redevelopment in the heart of the Douglas Design District,' Braden McCurdy, CEO and auctioneer, said in a news release. 'The Anchor has been a fixture for over two decades, and this auction gives the right buyer a chance to reinvigorate this legacy while also offering the potential for additional revenue streams.' State issues blue-green algae warnings for Kansas lakes The first auction is Wednesday, June 4, starting at 9 a.m., at 1109 E. Douglas. It will include property that was stored on the second and third floors of the buildings. Bud Palmer Auction will conduct the auction. Click here for a list and pictures of the items. The real estate auction will be handled through online-only bidding at The bidding opens at 2 p.m. on July 1. Bidding will close at 2:30 p.m. on July 9. Click here to register to bid. Fifteen minutes after the real estate auction ends, the remaining business assets, trade fixtures, intellectual property, and general intangibles will be auctioned collectively. McCurdy said this allows the buyer to get a complete, operational bar and restaurant. McCurdy says the new property owner could also immediately lease out the former butcher shop and tattoo shop spaces and turn the upper floors into possible residential properties. 'We're seeing interest from both restaurant operators who want to preserve The Anchor's community connection and investors who recognize the broader potential of this prime real estate,' McCurdy said. 'The location, established brand recognition, and multiple income stream potential combine to make this a standout opportunity in today's market.' The auction is part of a workout agreement with the Kansas Department of Revenue. For more Kansas news, click here. Keep up with the latest breaking news by downloading our mobile app and signing up for our news email alerts. Sign up for our Storm Track 3 Weather app by clicking here. To watch our shows live on our website, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
23-05-2025
- Business
- Yahoo
Kansas seizes Dodge City restaurant assets for $37K tax bill
DODGE CITY, Kan. (KSNW) — State tax agents have seized the assets of a Dodge City barbecue restaurant. The Kansas Department of Revenue said the business is more than $37,000 behind in tax payments. The address of the seizure is Provecho Mexkan BBQ, 202 E. Frontview. The company's Facebook page says the restaurant was voted best BBQ in Dodge City for four years in a row. The agents sealed the restaurant with a public notice posted on the outside. According to revenue investigators, the business owes $37,830.01: Sales tax – $37,273.26 Withholding – $556.75 The types of assets seized included all known bank accounts, on-site cash, business inventory, and the owner's personal property. The assets will be sold at a public auction to pay the tax bill. 'Today' team announces death of Sheinelle Jones' husband Customers, employees and others who had items in the restaurant at the time of the seizure can contact the agent assigned to the case at 785-296-3289. A KDOR spokesperson said the department tries multiple times to work with businesses to voluntarily enter into repayment agreements. When that fails, KDOR is forced to execute a tax warrant, utilizing actions such as bank levies, till taps, and, ultimately, asset seizure. KSN News has attempted to contact Provecho management and will update this story if we get a response. For more Kansas news, click here. Keep up with the latest breaking news by downloading our mobile app and signing up for our news email alerts. Sign up for our Storm Track 3 Weather app by clicking here. To watch our shows live on our website, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Forbes
07-05-2025
- Forbes
REAL ID: Here's What You'll Need To Fly Starting Today
Beginning today, travelers will need a REAL ID or any of about a dozen alternative forms of identification to get through TSA security checkpoints in the United States—but the head of Homeland Security says most passengers 'will be allowed to fly.' Does your driver's license have a star on it? Then it's a REAL ID. Kansas Department of Revenue The Transportation Security Administration (TSA) will require travelers to present a REAL ID-compliant form of identification at airport security checkpoints. U.S. Homeland Security Secretary Kristi Noem told a congressional panel Tuesday that 'people will be allowed to fly' but 'may be diverted to a different line, have an extra step,' the Associated Press reported. Travelers without a REAL ID or alternative form of acceptable identification will be subject to additional screening and face the possibility of missing their flights, a senior TSA official had previously told Forbes. Besides a REAL ID driver's license, there are roughly a dozen other forms of compliant identification–including passports and military IDs. After REAL ID enforcement starts, the biggest difference will be that a standard state-issued driver's license will no longer get a traveler through airport security checkpoints. Beginning May 7, a driver's license must be a more secure version known as a REAL ID. How Do I Know If I Have A Real Id? In general, a REAL ID looks like a standard driver's license but it has a star in the upper right corner, however, every state's REAL ID looks slightly different. In California, for example, the star is placed inside the silhouette of a bear. In Michigan and Maine, the star is inside an outline of the state. There is an online quiz on the TSA website to help travelers determine whether their driver's license is a standard ID or a REAL ID. Only if you have a flight booked out of a U.S. airport. Travelers with no immediate travel plans can obtain a REAL ID at their leisure, but before their next flight. Where Can You Get A Real Id? Americans can obtain a REAL ID through their state's Department of Motor Vehicles (DMV). While requirements differ slightly by state, all applicants must provide documentation showing their full legal name and date of birth, two proofs of address and proof of lawful status in the U.S. In addition, applicants must bring a Social Security card or SSA-1099 form or a document that shows both their name and Social Security number, such as a pay stub or W-2 form, according to the Department of Homeland Security website. Some state DMVs are reporting backlogs of REAL ID applications. What Alternatives Will The Tsa Accept At Airport Security Checkpoints? Besides a REAL ID driver's license, there are more than a dozen other forms of compliant identification. These include a passport; passport card; Department of Homeland Security-issued trusted traveler card (Global Entry, NEXUS, SENTRI, FAST); U.S. Department of Defense ID (military ID, including identification issued to dependents); U.S. permanent resident card (green card); border crossing card; Tribal Nation/Indian Tribe photo ID (including Enhanced Tribal Cards); HSPD-12 PIV Card (issued to federal employees and contractors); foreign government-issued passport; Canadian provincial driver's license or Indian and Northern Affairs Canada card; transportation worker ID credential; U.S. Citizenship and Immigration Services Employment Authorization Card (I-766); U.S. merchant mariner credential; or a Veteran Health ID card (VHIC). What Should Passengers Expect At The Airport? Travelers with a REAL ID should arrive at the airport two hours before departure, as normal. Those without a compliant ID should add an additional hour and expect to be steered to a separate line for additional screening. Travelers without a REAL ID should be prepared that they may miss their flight, a senior TSA official told Forbes. Is There Any Possibility Tsa Will Let You Fly Without A Real Id? The TSA's goal is to make sure passengers with REAL IDs are not disrupted or delayed unnecessarily. Those who arrive at the TSA checkpoint without a REAL ID are taking a risk, as there is no guarantee they will get through security. Still, if you have a ticket and boarding pass but no REAL ID, TSA officers will look for alternative ways to help you prove your identity. 'We are used to dealing with people who lose their wallets and IDs,' the TSA official told Forbes, 'and we have ways to vet passengers and make sure we're satisfied the person standing in front of us is the person they say they are.' Following the 9/11 terrorist attacks on the United States, the REAL ID Act of 2005 set higher minimum security standards for issuing state-issued driver's licenses and ID cards necessary to enter federal buildings and fly in the U.S.. While the deadline has been delayed several times since its original 2008 target date, the May 7 enforcement date is firm. 'It's been 20 years. We are doing this,' the TSA official told Forbes. TSA Now Accepts Digital IDs From These 14 States (Forbes)
Hindustan Times
06-05-2025
- Hindustan Times
Don't have a REAL ID yet? Here's what happens after May 7 and how to avoid it
The deadline to get a REAL ID is almost here, after nearly two decades of postponements and delays. FILE - This is a sample of what a REAL ID looks like.(Kansas Department of Revenue via AP) While it was initially said that you would not be able to fly domestically without a REAL ID or other TSA-approved form of identification once the May 7 deadline hits, the head of Homeland Security said Tuesday that travelers will still be able to fly, but should be prepared for additional steps at TSA. If you still don't have your REAL ID and are confused about how to get one, or are wondering why you even need one in the first place, here are some things to know: What is a REAL ID? It's a federally compliant state-issued license or identification card that the DHS says is a more secure form of identification. That's because getting a REAL ID requires more personal documentation than what's required to obtain a regular license. Besides needing a REAL ID to fly domestically, you will also need one to access certain federal buildings and facilities. Why is this happening? When the REAL ID Act was signed into law in 2005, it enacted a recommendation from the 9/11 Commission that the government set security standards for state-issued driver's licenses and IDs. 'REAL ID is a coordinated effort by the federal government to improve the reliability and accuracy of driver's licenses and identification cards,' John Essig, the Transportation Security Administration's Security Director for airports in the New York City region said in a press release on April 3. 'The improvements are intended to inhibit terrorists' ability to evade detection by using fraudulent identification.' The REAL ID Act was supposed to begin rolling out in 2008, 'but has faced repeated delays due to state implementation challenges and the COVID-19 pandemic,' said Nina Ruggiero, senior editorial director for Travel Leisure. 'The combination of varying state processes and shifting deadlines has added to the overall confusion around REAL IDs and likely led some travelers to take the deadlines less seriously.' How do I know if I already have a REAL ID? If you've gotten a new ID in the last few years, it could already be REAL ID-compliant. 'I also hear from travelers who are confused as to whether or not they already have a REAL ID,' Ruggiero said. 'Some people who have recently renewed their license may already have a compliant ID and not know it,' so you may want to double-check yours before starting the process. A REAL ID-compliant driver's license has a symbol ( in most states, a star ) in the top corner of the card. If you live in Michigan, Minnesota, New York, Vermont or Washington, it's possible you could have an 'enhanced″ ID card instead, which permits you to both fly domestically and cross land and sea borders into Mexico and Canada from the US. It does not, however, allow you to fly into either of those countries. Enhanced IDs will have an American flag icon, as well as the word 'enhanced' at the top of the card. If I don't have a REAL ID, how do I get one? The requirements vary by state, so you will need to visit the website of your state's driver's licensing agency to find out the specific steps, including whether you'll need to make an appointment at a DMV and what documentation you'll need when you get there. What happens on May 7? What if I don't have a REAL ID by then? Homeland Security Secretary Kristi Noem said Tuesday that those who still lack an identification that complies with the REAL ID law 'may be diverted to a different line, have an extra step." Noem also said that security checkpoints will be accepting passports and tribal identification when the deadline hits Wednesday in place of a REAL ID. 'But people will be allowed to fly,' she said. 'We will make sure it's as seamless as possible.' The deadline has already been pushed back so many times. Could it be delayed again? In mid-April, a group of state senators from Kentucky asked the agency to delay implementing the new requirements yet again. They said the state has limited appointments available to people seeking the new cards and that there has been a rush to meet the May 7 deadline. However, TSA spokesperson Dan Velez told the AP that the agency does not intend to delay the REAL ID deadline again. As of late April, 81% of travelers at TSA checkpoints were presenting acceptable identification, including a state-issued REAL ID, according to DHS.
