2014

Pennsylvania Revenue Department Releases April 2013 Collections

HARRISBURG, Pa., May 1, 2013 /PRNewswire-USNewswire/ -- Pennsylvania collected $3.6 billion in General Fund revenue in April, which was $31.7 million, or 0.9 percent, more than anticipated, Secretary of Revenue Dan Meuser reported today. Fiscal year-to-date General Fund collections total $23.9 billion, which is $67.2 million, or 0.3 percent, above estimate.

Sales tax receipts totaled $752.4 million for April, $64.8 million below estimate. Year-to-date sales tax collections total $7.3 billion, which is $309.2 million, or 4 percent, less than anticipated.

Personal income tax (PIT) revenue in April was $1.9 billion, $86 million above estimate. This brings year-to-date PIT collections to $9.5 billion, which is $113.8 million, or 1.2 percent, above estimate.    

April corporation tax revenue of $524.9 million was $11.8 million below estimate. Year-to-date corporation tax collections total $4.5 billion, which is $243 million, or 5.7 percent, above estimate.

Inheritance tax revenue for the month was $86.3 million, $15.4 million above estimate, bringing the year-to-date total to $670.1 million, which is $31.6 million, or 4.5 percent, below estimate.

Realty transfer tax revenue was $28.8 million for April, $2.9 million above estimate, bringing the fiscal-year total to $275.2 million, which is $20.3 million, or 8 percent, more than anticipated.

Other General Fund tax revenue, including cigarette, malt beverage, liquor and table games taxes, totaled $120.2 million for the month, $6.8 million below estimate and bringing the year-to-date total to $1.2 billion, which is $46.6 million, or 4 percent, below estimate.

Non-tax revenue totaled $165.8 million for the month, $10.8 million above estimate, bringing the year-to-date total to $426.3 million, which is $77.5 million, or 22.2 percent, above estimate.

In addition to the General Fund collections, the Motor License Fund received $274.7 million for the month, $14.3 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 billion, which is $29 million, or 1.5 percent, above estimate.

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

Media contact: Elizabeth Brassell, 717-787-6960

SOURCE Pennsylvania Department of Revenue



RELATED LINKS
http://www.state.pa.us
http://www.revenue.state.pa.us/

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