Pennsylvania Revenue Department Releases May 2013 Collections
HARRISBURG, Pa., June 3, 2013 /PRNewswire-USNewswire/ --– Pennsylvania collected $2 billion in General Fund revenue in May, which was $35.1 million, or 1.8 percent, more than anticipated, Secretary of Revenue Daniel Meuser reported today. Fiscal year-to-date General Fund collections total $26 billion, which is $102.3 million, or 0.4 percent, above estimate.
Sales tax receipts totaled $752.7 million for May, $1.3 million above estimate. Year-to-date sales tax collections total $8.1 billion, which is $307.9 million, or 3.7 percent, less than anticipated.
Personal income tax (PIT) revenue in May was $825.9 million, $10 million below estimate. This brings year-to-date PIT collections to $10.3 billion, which is $103.8 million, or 1 percent, above estimate.
May corporation tax revenue of $134.8 million was $30.4 million, above estimate. Year-to-date corporation tax collections total $4.7 billion, which is $273.4 million, or 6.2 percent, above estimate.
Inheritance tax revenue for the month was $99.9 million, $11.5 million above estimate, bringing the year-to-date total to $770.1 million, which is $20 million, or 2.5 percent, below estimate.
Realty transfer tax revenue was $29.4 million for May, $500,000 below estimate, bringing the fiscal-year total to $304.6 million, which is $19.8 million, or 7 percent, more than anticipated.
Other General Fund tax revenue, including cigarette, malt beverage, liquor and table games taxes, totaled $132.4 million for the month, slightly over estimated figures for the month and bringing the year-to-date total to $1.3 billion, which is $46.6 million, or 3.6 percent, below estimate.
Non-tax revenue totaled $51.1 million for the month, $2.4 million above estimate, bringing the year-to-date total to $477.4 million, which is $79.9 million, or 20.1 percent, above estimate.
In addition to the General Fund collections, the Motor License Fund received $226.5 million for the month, $11.8 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 $40.8 million, or 1.9 percent, above estimate.
For more information, visit www.revenue.state.pa.us.
Media contact: Elizabeth Brassell, 717-787-6960
SOURCE Pennsylvania Department of Revenue
More by this Source
Pennsylvania Revenue Department Releases February 2014 Collections
Mar 03, 2014, 16:08 ET
Pennsylvania Property Tax/Rent Rebate Program Applications Now Available
Feb 12, 2014, 13:53 ET
Pennsylvania Revenue Department Releases January 2014 Collections
Feb 04, 2014, 16:13 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.