RSS Feeds

Other News Releases in Banking & Financial Services

EZCORP Names Paul Rothamel President and Announces CEO Succession Plan

Activant Solutions to Hold Conference Call to Discuss Fiscal 2010 First Quarter Results

Fifth Third Bank and MasterCard to Provide Next-Generation Corporate Purchasing Solution

Other News Releases in Domestic Policy

Physicians on Sermo Stunned by FTC Complaint Over Practice Association's Refusal to Accept Medicare Payments

Finding a Cure: Providing Adequate Healthcare to Immigrants in Detention

Tufts Medical Center and Boston Medical Center Nurses Hold a Joint Informational Picket to Protest Unsafe Staffing and Practice Conditions

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

See more news releases in: Banking & Financial Services, Domestic Policy

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

RSS Feeds