PA Revenue Department Releases September Collections; General Funds Above Estimate

HARRISBURG, Pa. – Pennsylvania collected $2.6 billion in General Fund revenue in September, which was $11.2 million, or 0.4 percent, more than anticipated, Secretary of Revenue Daniel Meuser reported yesterday. Fiscal year-to-date General Fund collections total $6.6 billion, which is $500,000 above estimate.

Sales tax receipts totaled $777.3 million for September, $20.5 million above estimate. Year-to-date sales tax collections total $2.4 billion, which is $25.5 million, or 1.1 percent, more than anticipated.

Personal income tax (PIT) revenue in September was $1 billion, $2.3 million below estimate. This brings year-to-date PIT collections to $2.6 billion, which is $4.4 million, or 0.2 percent, below estimate.

September corporation tax revenue of $539.8 million was $93.7 million, above estimate. Year-to-date corporation tax collections total $666.5 million, which is $86.9 million, or 15 percent, above estimate.

Inheritance tax revenue for the month was $70.3 million, $9.5 million below estimate, bringing the year-to-date total to $212.6 million, which is $9.8 million, or 4.4 percent, below estimate.

Realty transfer tax revenue was $36.2 million for September, $6.9 million below estimate, bringing the fiscal-year total to $113.7 million, which is $13.5 million, or 10.6 percent, less than anticipated.

Other General Fund tax revenue, including cigarette, malt beverage, liquor and table games taxes, totaled $123.9 million for the month, $100,000 above estimate and bringing the year-to-date total to $348.8 million, which is $700,000, or 0.2 percent, below estimate.

Non-tax revenue totaled $12.3 million for the month, $84.4 million below estimate, bringing the year-to-date total to $279.7 million, which is $83.4 million, or 23 percent, below estimate.

In addition to the General Fund collections, the Motor License Fund received $228.1 million for the month, $19.9 million above estimate. Fiscal year-to-date collections for the fund – which include the commonly known gas and diesel taxes, as well as other license, fine and fee revenues – total $650.2 million, which is $48.2 million, or 8 percent, above estimate.

For more information, visit www.revenue.state.pa.us.


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