Pennsylvania Revenue Department Releases September Collections

HARRISBURG, Pa., Oct. 3, 2011 /PRNewswire-USNewswire/ -- Pennsylvania collected $2.3 billion in General Fund revenue in September, which was $151.8 million, or 6.1 percent, less than anticipated, Secretary of Revenue Daniel Meuser reported today. Fiscal year-to-date General Fund collections total $5.8 billion, which is $215 million, or 3.5 percent, below estimate.

Sales tax receipts totaled $714.9 million for September, $14.9 million below estimate. Year-to-date sales tax collections total $2.2 billion, which is $30.6 million, or 1.4 percent, less than anticipated.

Personal income tax (PIT) revenue in September was $902.5 million, $42 million below estimate. This brings year-to-date PIT collections to $2.3 billion, which is $97.1 million, or 4 percent, below estimate.

September corporation tax revenue of $466 million was $92.9 million below estimate. Year-to-date corporation tax collections total $603.9 million, which is $89.5 million, or 12.9 percent, below estimate.

Inheritance tax revenue for the month was $64.7 million, $1.4 million below estimate, bringing the year-to-date total to $200.5 million, which is $6.5 million, or 3.1 percent, below estimate.

Realty transfer tax revenue was $26.5 million for September, $600,000 below estimate, bringing the fiscal-year total to $82.2 million, which is $5.1 million, or 5.9 percent, less than anticipated.

Other General Fund tax revenue, including cigarette, malt beverage, liquor and table games taxes, totaled $134.3 million for the month, $5.1 million above estimate and bringing the year-to-date total to $377.5 million, which is $7.3 million, or 2 percent, above estimate.

Non-tax revenue totaled $14 million for the month, $5.2 million below estimate, bringing the year-to-date total to $74.9 million, which is $6.5 million, or 9.5 percent, above estimate.

In addition to the General Fund collections, the Motor License Fund received $188.4 million for the month, $13.3 million below 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 $617 million, which is $5.9 million, or 1 percent, above estimate.

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

Media contact: Elizabeth Brassell, 717-787-6960

Editor's Note: While the department did extend September state tax deadlines to Oct. 31 for taxpayers in 28 counties directly impacted by Hurricane Irene and Tropical Storm Lee, it does not appear these deadline extensions significantly impacted September tax collections.

SOURCE Pennsylvania Department of Revenue