PA Revenue Department Releases September 2016 Collections

HARRISBURG, Pa., Oct. 3, 2016 /PRNewswire-USNewswire/ -- Pennsylvania collected $2.6 billion in General Fund revenue in September, which was $144.9 million, or 5.2 percent, less than anticipated, Secretary of Revenue Eileen McNulty reported today. Fiscal year-to-date General Fund collections total $6.6 billion, which is $218.5 million, or 3.2 percent, below estimate.

Sales tax receipts totaled $811.5 million for September, $20.5 million below estimate. Year-to-date sales tax collections total $2.5 billion, which is $72.4 million, or 2.8 percent, less than anticipated.

Personal income tax (PIT) revenue in September was $1.1 billion, $36.6 million below estimate. This brings year-to-date PIT collections to $2.7 billion, which is $54.8 million, or 2 percent, below estimate.    

September corporation tax revenue of $472.7 million was $49.9 million below estimate. Year-to-date corporation tax collections total $583.9 million, which is $61.9 million, or 9.6 percent, below estimate.

Inheritance tax revenue for the month was $64.7 million, $15.3 million below estimate, bringing the year-to-date total to $223.6 million, which is $9.4 million, or 4.1 percent, below estimate.

Realty transfer tax revenue was $41.9 million for September, $8.3 million below estimate, bringing the fiscal-year total to $119.7 million, which is $17.3 million, or 12.6 percent, less than anticipated.

Other General Fund tax revenue, including cigarette, malt beverage, liquor and table games taxes, totaled $157.3 million for the month, $10.6 million below estimate and bringing the year-to-date total to $402.1 million, which is $10 million, or 2.5 percent, below estimate.

Non-tax revenue totaled $1 million for the month, $3.7 million below estimate, bringing the year-to-date total to $59 million, which is $7.3 million, or 14.2 percent, above estimate.

In addition to the General Fund collections, the Motor License Fund received $216.1 million for the month, $1.9 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 $663.6 million, which is $100,000 above estimate.

Media contact: Kevin Hensil, 717-787-6960

SOURCE Pennsylvania Department of Revenue

Related Links

http://www.state.pa.us