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Revenue Department Releases November Collections

 

HARRISBURG, Pa., Dec. 1 /PRNewswire-USNewswire/ -- Secretary of Revenue Stephen H. Stetler today reported that Pennsylvania collected $1.6 billion in General Fund revenue in November, which was $56.8 million, or 3.4 percent, less than anticipated. Fiscal year-to-date General Fund collections total $10.4 billion, which is $217 million, or 2 percent, below estimate.

Sales tax receipts totaled $609.1 million for November, $52.7 million below estimate. Year-to-date sales tax collections total $3.3 billion, which is $142 million, or 4.1 percent, less than anticipated.

Personal income tax (PIT) revenue in November was $705.4 million, $21.2 million below estimate. This brings year-to-date PIT collections to $3.6 billion, which is $105.5 million, or 2.9 percent, below estimate.

November corporation tax revenue of $65.4 million was $20.9 million above estimate. Year-to-date corporation tax collections total $723.4 million, which is $28.7 million, or 4.1 percent, above estimate.

Other General Fund revenue figures for the month included $58.3 million in inheritance tax, $600,000 above estimate, bringing the year-to-date total to $301.1 million, which is $4.7 million below estimate.

Realty transfer tax was $24.4 million for November, $4.5 million above estimate, bringing the total to $132.6 million for the year, which is $2.1 million more than anticipated.

Other General Fund tax revenue, including cigarette, malt beverage and liquor taxes totaled $108.5 million for the month, $4.6 million above estimate and bringing the year-to-date total to $462.3 million, which is $16.8 million above estimate.

Non-tax revenue totaled $25.9 million for the month, $13.4 million below estimate, bringing the year-to-date total to $1.9 billion, which is $12.5 million below estimate.

In addition to the General Fund collections, the Motor License Fund received $110.4 million for the month, $55.7 million below estimate. Fiscal year-to-date collections for the fund total $1.1 billion, which is $39 million, or 3.4 percent, below estimate.

The Gaming Fund received $60.8 million in unrestricted revenues for November. Fiscal year-to-date collections for the fund total $300.5 million. Gaming Fund receipts include taxes, fees and interest. Of the total for the month, $60.8 million was collected in state taxes for property tax relief, bringing the year-to-date total to $300.2 million.

Other gaming-related revenues collected for November included $7.2 million for the Local Share Assessment, for a net total of $23.3 million for the year; $8.9 million for the Economic Development and Tourism Fund, for a year-to-date total of $44.1 million; and $21.5 million for the Race Horse Development Fund, bringing the total for the year to $105.9 million.

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

Media contact: Stephanie Weyant, 717-787-6960

SOURCE Pennsylvania Department of Revenue

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

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