Pennsylvania Revenue Department Releases December 2009 Collections

HARRISBURG, Pa., Jan. 4 /PRNewswire-USNewswire/ -- Acting Secretary of Revenue C. Daniel Hassell today reported that Pennsylvania collected $2 billion in General Fund revenue in December, which was $37.2 million, or 1.8 percent, less than anticipated. Fiscal year-to-date General Fund collections total $12.4 billion, which is $254.2 million, or 2 percent, below estimate.

Sales tax receipts totaled $627.3 million for December, $39.1 million below estimate. Year-to-date sales tax collections total $4 billion, which is $181.1 million, or 4.4 percent, less than anticipated.

Personal income tax (PIT) revenue in December was $707.3 million, $6.2 million below estimate. This brings year-to-date PIT collections to $4.3 billion, which is $111.7 million, or 2.5 percent, below estimate.

December corporation tax revenue of $377.1 million was $28.7 million below estimate. Year-to-date corporation tax collections total $1.1 billion, which is $900,000, or 0.1 percent, below estimate.

Other General Fund revenue figures for the month included $74.2 million in inheritance tax, $11.3 million above estimate, bringing the year-to-date total to $375.3 million, which is $6.6 million above estimate.

Realty transfer tax was $29.1 million for December, $7.8 million above estimate, bringing the total to $161.8 million for the year, which is $10 million more than anticipated.

Other General Fund tax revenue, including cigarette, malt beverage and liquor taxes totaled $132.3 million for the month, $13.3 million above estimate and bringing the year-to-date total to $594.7 million, which is $30.2 million above estimate.

Non-tax revenue totaled $36.3 million for the month, $4.5 million above estimate, bringing the year-to-date total to $1.9 billion, which is $7.2 million below estimate.

In addition to the General Fund collections, the Motor License Fund received $150.1 million for the month, $5.1 million above estimate. Fiscal year-to-date collections for the fund total $1.3 billion, which is $33.9 million, or 2.6 percent, below estimate.

The Gaming Fund received $50.9 million in unrestricted revenues for December. Fiscal year-to-date collections for the fund total $351.4 million. Gaming Fund receipts include taxes, fees and interest. Of the total for the month, $50.8 million was collected in state taxes for property tax relief, bringing the year-to-date total to $351 million.

Other gaming-related revenues collected for December included $6 million for the Local Share Assessment, for a net total of $29.3 million for the year; $7.5 million for the Economic Development and Tourism Fund, for a year-to-date total of $51.6 million; and $17.9 million for the Race Horse Development Fund, bringing to $123.9 million the total for the fiscal year.

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

Media contact: Stephanie Weyant, 717-787-6960

SOURCE Pennsylvania Department of Revenue