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Revenue Department Releases September Collections
HARRISBURG, Pa., Oct. 1 /PRNewswire-USNewswire/ -- Secretary of Revenue Stephen H. Stetler today reported that Pennsylvania collected $2.1 billion in General Fund revenue in September, which was $118.6 million, or 5.5 percent, less than anticipated. Fiscal year-to-date General Fund collections total $5.3 billion, which is $140.6 million, or 2.6 percent, below estimate.
Sales tax receipts totaled $633.4 million for September, $38.8 million below estimate. Year-to-date sales tax collections total $2 billion, which is $52.2 million, or 2.5 percent, less than anticipated.
Personal income tax (PIT) revenue in September was $835.4 million, $69.5 million below estimate. This brings year-to-date PIT collections to $2.2 billion, which is $97.9 million, or 4.3 percent, below estimate.
September corporation tax revenue of $403.9 million was $5.6 million above estimate. Year-to-date corporation tax collections total $541.4 million, which is $7.3 million, or 1.4 percent, above estimate.
Other General Fund revenue figures for the month included $59.1 million in inheritance tax, $3.4 million below estimate, bringing the year-to-date total to $181.6 million, which is $6.1 million below estimate.
Realty transfer tax was $23.5 million for September, $1.5 million below estimate, bringing the total to $82.2 million for the year, which is $3.7 million less than anticipated.
Other General Fund tax revenue, including cigarette, malt beverage and liquor taxes totaled $85.4 million for the month, $7.2 million below estimate and bringing the year-to-date total to $259.4 million, which is $1.2 million above estimate.
Non-tax revenue totaled $9.8 million for the month, $3.7 million below estimate, bringing the year-to-date total to $52.1 million, which is $10.8 million above estimate.
In addition to the General Fund collections, the Motor License Fund received $195.8 million for the month, $500,000 below estimate. Fiscal year-to-date collections for the fund total $667.1 million, which is $24.4 million, or 3.5 percent, below estimate.
The Gaming Fund received $58.6 million in unrestricted revenues for September. Fiscal year-to-date collections for the fund total $183.4 million. Gaming Fund receipts include taxes, fees and interest. Of the total for the month, $58.6 million was collected in state taxes for property tax relief, bringing the year-to-date total to $183.2 million.
Other gaming-related revenues collected for September included $6.9 million for the Local Share Assessment, for a net total of $16.5 million for the year; $8.6 million for the Economic Development and Tourism Fund, for a year-to-date total of $26.9 million; and $20.7 million for the Race Horse Development Fund, bringing the total for the year to $64.6 million.
For more information, visit www.revenue.state.pa.us.
Media contact: Stephanie Weyant, 717-787-6960
SOURCE Pennsylvania Department of Revenue