Pennsylvania collected $3.4 billion in General Fund revenue in April, which was $328.3 million, or 8.8 percent, less than anticipated, Secretary of Revenue Daniel Meuser reported Thursday.
Fiscal year-to-date General Fund collections total $23.9 billion, which is $424.5 million, or 1.7 percent, below estimate, without adjusting for last month’s early $80 million liquor profits transfer.
Sales tax receipts totaled $796.4 million for April, $4.2 million above estimate. Year-to-date sales tax collections total $7.5 billion, which is $106.9 million, or 1.4 percent, less than anticipated.
Personal income tax (PIT) revenue in April was $1.8 billion, $185.7 million below estimate. This brings year-to-date PIT collections to $9.6 billion, which is $256.2 million, or 2.6 percent, below estimate.
April corporation tax revenue of $443.4 million was $94.7 million below estimate. Year-to-date corporation tax collections total $4.3 billion, which is $95.4 million, or 2.2 percent, below estimate.
April corporation tax revenue of $443.4 million was $94.7 million below estimate. Year-to-date corporation tax collections total $4.3 billion, which is $95.4 million, or 2.2 percent, below estimate.
Inheritance tax revenue for the month was $73.4 million, $5 million above estimate, bringing the year-to-date total to $706.7 million, which is $4.5 million, or 0.6 percent, below estimate.
Realty transfer tax revenue was $29.2 million for April, $3.2 million below estimate, bringing the fiscal-year total to $305.5 million, which is $16.2 million, or 5 percent, less than anticipated.
Other General Fund tax revenue, including cigarette, malt beverage, liquor and table games taxes, totaled $112.8 million for the month, $7 million below estimate and bringing the year-to-date total to $1.1 billion, which is $18.7 million, or 1.7 percent, below estimate.
Non-tax revenue totaled $135.5 million for the month, $46.9 million below estimate, bringing the year-to-date total to $440.4 million, which is $73.5 million, or 20 percent, above estimate.
In addition to the General Fund collections, the Motor License Fund received $285.2 million for the month, $15.4 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 $2.1 billion, which is $28.7 million, or 1.4 percent, above estimate.