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Pennsylvania Revenue Department Releases April Collections

HARRISBURG, Pa., May 1 /PRNewswire-USNewswire/ -- Secretary of Revenue Stephen H. Stetler today reported that Pennsylvania collected $3 billion in General Fund revenue in April, $941.5 million, or 24.2 percent, less than anticipated. Fiscal year-to-date General Fund collections total $21.7 billion, which is $2.6 billion, or 10.5 percent, below estimate.

Sales tax receipts totaled $688.4 million for April, $70.9 million below estimate. Sales tax collections, year-to-date, total $6.9 billion, which is $421.2 million, or 5.8 percent, less than anticipated.

Personal income tax (PIT) revenue in April was $1.5 billion, $651.4 million below estimate. This brings year-to-date PIT collections to $8.7 billion, which is $1 billion, or 10.6 percent, below estimate.

April corporation tax revenue of $493.5 million was $123.2 million below estimate. Year-to-date corporation tax collections total $4.3 billion, which is $491.4 million, or 10.2 percent, below estimate.

Other General Fund revenue figures for the month included $69.5 million in inheritance tax, $8.8 million below estimate, bringing the year-to-date total to $639.1 million, which is $83.7 million below estimate.

Realty transfer tax was $18.5 million for April, $13.2 million below estimate, bringing the total to $248.7 million for the year, which is $93 million less than anticipated.

Other General Fund tax revenue including cigarette, malt beverage and liquor taxes totaled $89.1 million for the month, $1.7 million below estimate, bringing the year-to-date total to $874.9 million, which is $10.8 million below estimate.

Non-tax revenue totaled $119.5 million for the month, $72.3 million below estimate, bringing the year-to-date total to $43.1 million, which is $422.9 million below estimate.

In addition to the General Fund collections, the Motor License Fund received $330 million for the month, $3.5 million below estimate. Fiscal year-to-date collections for the fund total $2.2 billion, which is $105.5 million, or 4.6 percent, below estimate.

The Gaming Fund received $50.4 million in unrestricted revenues for April. Fiscal year-to-date collections for the fund total $484.6 million. Gaming Fund receipts include taxes, fees and interest. Of the total for the month, $50.7 million was collected in state taxes for property tax relief, bringing the year-to-date total to $485.1 million.

Other gaming-related revenues collected for April included $2.7 million for the Local Share Assessment, for a net total of $52.8 million for the year; $7.5 million for the Economic Development and Tourism Fund, for a year-to-date total of $71.3 million; and $17.9 million for the Race Horse Development Fund, bringing the total for the year to $171.2 million.

CONTACT: Stephanie Weyant, (717) 787-6960

SOURCE Pennsylvania Department of Revenue

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