Kansas audit says IT could plug tax leaks

Although the economic downturn contributed to a steep drop in corporate tax receipts in Kansas, faulty record-keeping and the Revenue Department's inability to track corporate tax credits also hindered tax collection, the Legislative Division of Post Audit found.

There are no computerized records of the state's 17 corporate tax credits, the audit team's report said.

Corporate tax receipts dropped from $211.7 million in fiscal 2001 to $93.4 million for fiscal 2002. The state's fiscal year begins in July.

In a sample of 53 corporate tax returns, the auditors found $12.8 million worth of discrepancies in tax credits favoring corporations.

The auditors suggested setting up a database to track corporate tax credits, cleaning up the current credit spreadsheets and developing an application to identify companies that should file returns but don't.

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