Revenue Department Releases September Collections

Oct 01, 2010, 13:52 ET from Pennsylvania Department of Revenue

HARRISBURG, Pa., Oct. 1 /PRNewswire-USNewswire/ -- Pennsylvania collected $2.3 billion in General Fund revenue in September, which was $69.8 million, or 3.1 percent, more than anticipated, Secretary of Revenue C. Daniel Hassell reported today. Fiscal year-to-date General Fund collections total $5.8 billion, which is $75.8 million, or 1.3 percent, above estimate.

Sales tax receipts totaled $661.6 million for September, $8 million above estimate. Year-to-date sales tax collections total $2.1 billion, which is $42.5 million, or 2 percent, more than anticipated.

Personal income tax (PIT) revenue in September was $932.6 million, $900,000 above estimate. This brings year-to-date PIT collections to $2.2 billion, which is $11.5 million, or 0.5 percent, below estimate.

September corporation tax revenue of $488.6 million was $52.7 million above estimate. Year-to-date corporation tax collections total $590 million, which is $50.9 million, or 9.4 percent, above estimate.

Other General Fund revenue figures for the month included $61.6 million in inheritance tax, $100,000 below estimate, bringing the year-to-date total to $192.3 million, which matches the estimate.

Realty transfer tax was $23.4 million for September, $5.3 million below estimate, bringing the total to $81.8 million for the year, which is $19.2 million less than anticipated.

Other General Fund tax revenue, including cigarette, malt beverage, liquor and table games taxes totaled $130 million for the month, $7.2 million above estimate and bringing the year-to-date total to $364.9 million, which is $8.6 million above estimate.

Non-tax revenue totaled $17.5 million for the month, $6.5 million above estimate, bringing the year-to-date total to $245.4 million, which is $4.5 million above estimate.

In addition to the General Fund collections, the Motor License Fund received  $178.6 million for the month, $1.7 million below estimate. Fiscal year-to-date collections for the fund total $615.8 million, which is $35.5 million, or 6.1 percent, above estimate.

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

Media contact: Elizabeth Brassell, 717-787-6960

SOURCE Pennsylvania Department of Revenue



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