Pennsylvania Revenue Department Releases November 2013 Collections
HARRISBURG, Pa., Dec. 2, 2013 /PRNewswire-USNewswire/ -- Pennsylvania collected $1.7 billion in General Fund revenue in November, which was $800,000 more than anticipated, Secretary of Revenue Daniel Meuser reported today. Fiscal year-to-date General Fund collections total $9.9 billion, which is $42.6 million, or 0.4 percent, above estimate.
Sales tax receipts totaled $723.1 million for November, $10.6 million below estimate. Year-to-date sales tax collections total $3.8 billion, which is $15.4 million, or 0.4 percent, more than anticipated.
Personal income tax (PIT) revenue in November was $688.9 million, $10.7 million below estimate. This brings year-to-date PIT collections to $4.1 billion, which is $5.4 million, or 0.1 percent, below estimate.
November corporation tax revenue of $51.8 million was $5.3 million above estimate. Year-to-date corporation tax collections total $800.6 million, which is $15.5 million, or 2 percent, above estimate.
Inheritance tax revenue for the month was $67.4 million, $16.2 million above estimate, bringing the year-to-date total to $354.5 million, which is $15.9 million, or 4.7 percent, above estimate.
Realty transfer tax revenue was $27.9 million for November, $1.7 million above estimate, bringing the fiscal-year total to $173.4 million, which is $4.3 million, or 2.5 percent, more than anticipated.
Other General Fund tax revenue, including cigarette, malt beverage, liquor and table games taxes, totaled $133 million for the month, $4.1 million above estimate and bringing the year-to-date total to $610.8 million, which is $100,000 below estimate.
Non-tax revenue totaled $6.9 million for the month, $5.2 million below estimate, bringing the year-to-date total to $77.4 million, which is $3.1 million, or 3.8 percent, below estimate.
In addition to the General Fund collections, the Motor License Fund received $167.3 million for the month, $2.6 million below 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 $985 million, which is $17.1 million, or 1.7 percent, below 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
Revenue Department Extends Hours to Help Late-Season Tax Filers
Apr 07, 2014, 13:19 ET
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
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.