Quantcast
Last updated on April 17, 2014 at 17:30 EDT

Pennsylvania Revenue Department Releases May 2013 Collections

June 3, 2013

HARRISBURG, Pa., June 3, 2013 /PRNewswire-USNewswire/ — Pennsylvania collected $2 billion in General Fund revenue in May, which was $35.1 million, or 1.8 percent, more than anticipated, Secretary of Revenue Daniel Meuser reported today. Fiscal year-to-date General Fund collections total $26 billion, which is $102.3 million, or 0.4 percent, above estimate.

Sales tax receipts totaled $752.7 million for May, $1.3 million above estimate. Year-to-date sales tax collections total $8.1 billion, which is $307.9 million, or 3.7 percent, less than anticipated.

Personal income tax (PIT) revenue in May was $825.9 million, $10 million below estimate. This brings year-to-date PIT collections to $10.3 billion, which is $103.8 million, or 1 percent, above estimate.

May corporation tax revenue of $134.8 million was $30.4 million, above estimate. Year-to-date corporation tax collections total $4.7 billion, which is $273.4 million, or 6.2 percent, above estimate.

Inheritance tax revenue for the month was $99.9 million, $11.5 million above estimate, bringing the year-to-date total to $770.1 million, which is $20 million, or 2.5 percent, below estimate.

Realty transfer tax revenue was $29.4 million for May, $500,000 below estimate, bringing the fiscal-year total to $304.6 million, which is $19.8 million, or 7 percent, more than anticipated.

Other General Fund tax revenue, including cigarette, malt beverage, liquor and table games taxes, totaled $132.4 million for the month, slightly over estimated figures for the month and bringing the year-to-date total to $1.3 billion, which is $46.6 million, or 3.6 percent, below estimate.

Non-tax revenue totaled $51.1 million for the month, $2.4 million above estimate, bringing the year-to-date total to $477.4 million, which is $79.9 million, or 20.1 percent, above estimate.

In addition to the General Fund collections, the Motor License Fund received $226.5 million for the month, $11.8 million above 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 $2.2 billion, which is $40.8 million, or 1.9 percent, above estimate.

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

Media contact: Elizabeth Brassell, 717-787-6960

SOURCE Pennsylvania Department of Revenue


Source: PR Newswire