Pennsylvania Collected $4.0 Billion in September, 14.1 Percent More Than Anticipated

Pennsylvania Department of Revenue

HARRISBURG, PA — Pennsylvania collected $4.0 billion in General Fund revenue in September, which was $495.9 million, or 14.1 percent, more than anticipated, reported Revenue Secretary Dan Hassell. Fiscal year-to-date General Fund collections total $9.3 billion, which is $628.3 million, or 7.3 percent, above estimate.

Sales tax receipts totaled $1.1 billion for September, $93.0 million above estimate. Year-to-date sales tax collections total $3.5 billion, which is $142.3 million, or 4.3 percent, more than anticipated.

Personal income tax (PIT) revenue in September was $1.5 billion, $97.8 million above estimate. This brings year-to-date PIT collections to $3.5 billion, which is $164.9 million, or 5.0 percent, above estimate.

September corporation tax revenue of $898.2 million was $233.7 million above estimate. Year-to-date corporation tax collections total $1.2 billion, which is $257.4 million, or 27.3 percent, above estimate.

Inheritance tax revenue for the month was $143.4 million, $25.4 million above estimate, bringing the year-to-date total to $370.6 million, which is $12.8 million, or 3.6 percent, above estimate.

Realty transfer tax revenue was $75.6 million for September, $14.8 million above estimate, bringing the fiscal-year total to $181.9 million, which is $16.3 million, or 9.8 percent, more than anticipated.

Other General Fund tax revenue, including cigarette, malt beverage, liquor and gaming taxes, totaled $183.5 million for the month, $13.8 million above estimate and bringing the year-to-date total to $490.1 million, which is $16.3 million, or 3.4 percent, above estimate.

Non-tax revenue totaled $39.1 million for the month, $17.5 million above estimate, bringing the year-to-date total to $85.8 million, which is $18.3 million, or 27.2 percent, above estimate.

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In addition to the General Fund collections, the Motor License Fund received $236.8 million for the month, $20.0 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 $729.8 million, which is $22.5 million, or 3.2 percent, above estimate.

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