Pennsylvania Revenue Department Releases April Collections

HARRISBURG, Pa., May 2, 2011 /PRNewswire-USNewswire/ -- Pennsylvania collected $3.3 billion in General Fund revenue in April, which was $273.2 million, or 9 percent, more than anticipated, the Department of Revenue reported today. Fiscal year-to-date General Fund collections total $22.5 billion, which is $505.9 million, or 2.3 percent, above estimate.

Sales tax receipts totaled $725.7 million for April, $17.6 million above estimate. Year-to-date sales tax collections total $6.9 billion, which is $144.1 million, or 2.1 percent, more than anticipated.

Personal income tax (PIT) revenue in April was $1.6 billion, $92 million above estimate. This brings year-to-date PIT collections to $8.7 billion, which is $210.4 million, or 2.5 percent, above estimate.

April corporation tax revenue of $666.3 million was $196.5 million above estimate. Year-to-date corporation tax collections total $4.3 billion, which is $188.2 million, or 4.6 percent, above estimate.

Inheritance tax revenue for the month was $60.1 million, $5.6 million below estimate, bringing the year-to-date total to $646.2 million, which is $18.5 million above estimate.

Realty transfer tax revenue was $18.4 million for April, $4.8 million below estimate, bringing the fiscal-year total to $225.9 million, which is $38.2 million less than anticipated.

Other General Fund tax revenue, including cigarette, malt beverage, liquor and table games taxes, totaled $133.1 million for the month, $6.1 million above estimate and bringing the year-to-date total to $1.2 billion, which is $13.6 million below estimate.

Non-tax revenue – which includes escheats, or unclaimed property for the state, and interest on commonwealth investments – totaled $128.3 million for the month, $28.6 million below estimate, bringing the year-to-date total to $533.9 million, which is $3.6 million below estimate.

In addition to the General Fund collections, the Motor License Fund received $207.6 million for the month, $37.8 million below estimate. Fiscal year-to-date collections for the fund total $2.1 billion, which is $127.4 million, or 6.5 percent, above estimate.

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

Media contact: Elizabeth Brassell, 717-787-6960

SOURCE Pennsylvania Department of Revenue

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