Pennsylvania Revenue Department Releases April 2017 Collections

HARRISBURG, Pa., May 1, 2017 /PRNewswire-USNewswire/ -- Pennsylvania collected $3.4 billion in General Fund revenue in April, which was $537.1 million, or 13.5 percent, less than anticipated, Acting Revenue Secretary Dan Hassell reported today. Fiscal year-to-date General Fund collections total $25.8 billion, which is $1.2 billion, or 4.5 percent, below estimate.

Sales tax receipts totaled $831 million for April, $58.3 million below estimate. Year-to-date sales tax collections total $8.2 billion, which is $190 million, or 2.3 percent, less than anticipated.

Personal income tax (PIT) revenue in April was $1.8 billion, $181.5 million below estimate. This brings year-to-date PIT collections to $10.5 billion, which is $324.7 million, or 3 percent, below estimate.

April corporation tax revenue of $238.5 million was $227.4 million below estimate. Year-to-date corporation tax collections total $3.9 billion, which is $577.4 million, or 12.8 percent, below estimate. A law change shifted the due date for corporate net income tax from April to May. Most of the corporation tax shortfall in April will be recovered in May. 

Inheritance tax revenue for the month was $80.2 million, $8 million below estimate, bringing the year-to-date total to $771.6 million, which is $22.6 million, or 2.9 percent, below estimate.

Realty transfer tax revenue was $34.1 million for April, $9.7 million below estimate, bringing the fiscal-year total to $377.3 million, which is $67.8 million, or 15.2 percent, less than anticipated.

Other General Fund tax revenue, including cigarette, other tobacco products, malt beverage, liquor and table games taxes, totaled $183.5 million for the month, $19.6 million above estimate and bringing the year-to-date total to $1.5 billion, which is $10.7 million, or 0.7 percent, above estimate.

Non-tax revenue totaled $215.1 million for the month, $71.8 million below estimate, bringing the year-to-date total to $553.7 million, which is $44.5 million, or 7.4 percent, below estimate.

In addition to the General Fund collections, the Motor License Fund received $278.8 million for the month, $19.6 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 $2.2 billion, which is $700,000 below estimate.

Media contact: Kevin Hensil, 717-787-6960

SOURCE Pennsylvania Department of Revenue

Related Links

http://www.state.pa.us