| By PR Newswire | Article Rating: |
|
| October 1, 2012 03:07 PM EDT | Reads: |
147 |
HARRISBURG, Pa., Oct. 1, 2012 /PRNewswire-USNewswire/ -- Pennsylvania collected $2.4 billion in General Fund revenue in September, which was $43.9 million, or 1.8 percent, more than anticipated, Secretary of Revenue Daniel Meuser reported today. Fiscal year-to-date General Fund collections total $6.1 billion, which is $10.7 million, or 0.2 percent, above estimate.
Sales tax receipts totaled $712.8 million for September, $34.5 million below estimate. Year-to-date sales tax collections total $2.2 billion, which is $70.2 million, or 3 percent, less than anticipated.
Personal income tax (PIT) revenue in September was $947.9 million, $10.8 million above estimate. This brings year-to-date PIT collections to $2.4 billion, which is $24.5 million, or 1 percent, above estimate.
September corporation tax revenue of $536.2 million was $77.1 million, above estimate. Year-to-date corporation tax collections total $705.2 million, which is $86.4 million, or 14 percent, above estimate.
Inheritance tax revenue for the month was $55.3 million, $8 million below estimate, bringing the year-to-date total to $189.8 million, which is $18 million, or 8.7 percent, below estimate.
Realty transfer tax revenue was $23.5 million for September, $4.3 million below estimate, bringing the fiscal-year total to $88.6 million, which is $2.1 million, or 2.4 percent, less than anticipated.
Other General Fund tax revenue, including cigarette, malt beverage, liquor and table games taxes, totaled $126.9 million for the month, $8.2 million below estimate and bringing the year-to-date total to $363 million, which is $13.8 million, or 3.8 percent, below estimate.
Non-tax revenue totaled $26.7 million for the month, $11 million above estimate, bringing the year-to-date total to $82 million, which is $4.1 million, or 5.2 percent, above estimate.
In addition to the General Fund collections, the Motor License Fund received $187.5 million for the month, $7.3 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 $610.3 million, which is $3.3 million, or 0.5 percent, above estimate.
For more information, visit www.revenue.state.pa.us.
Media contact: Maia Warren, 717-787-6960
SOURCE Pennsylvania Department of Revenue
Published October 1, 2012 Reads 147
Copyright © 2012 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

