November State Revenue Collections $5.6 Million More Than Anticipated

Pennsylvania collected $1.7 billion in General Fund revenue in November, which was $5.6 million, or 0.3 percent, more than anticipated, Secretary of Revenue Daniel Meuser reported Monday. Fiscal year-to-date General Fund collections total $10.6 billion, which is $109 million, or 1 percent, above estimate.

Sales tax receipts totaled $749.4 million for November, $5 million above estimate. Year-to-date sales tax collections total $4 billion, which is $49.4 million, or 1.3 percent, more than anticipated.

Personal income tax revenue in November was $701.7 million, $1.3 million above estimate. This brings year-to-date PIT collections to $4.2 billion, which is $10.8 million, or 0.3 percent, below estimate.

November corporation tax revenue of $58.4 million was $3 million above estimate. Year-to-date corporation tax collections total $863.1 million, which is $86.1 million, or 11.1 percent, above estimate.

Inheritance tax revenue for the month was $65.4 million, $10.1 million above estimate, bringing the year-to-date total to $449.6 million, which is $90.3 million, or 25.1 percent, above estimate.

Realty transfer tax revenue was $25 million for November, $9.6 million below estimate, bringing the fiscal-year total to $175.6 million, which is $27.2 million, or 13.4 percent, less than anticipated.

Other General Fund tax revenue, including cigarette, malt beverage, liquor and table games taxes, totaled $130.6 million for the month, $2.5 million above estimate and bringing the year-to-date total to $595.2 million, which is $2.5 million, or 0.4 percent, below estimate.

Non-tax revenue totaled $2.5 million for the month, $6.6 million below estimate, bringing the year-to-date total to $313.7 million, which is $76.3 million, or 19.6 percent, below estimate.

In addition to the General Fund collections, the Motor License Fund received $204 million for the month, $10.5 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 $996.3 million, which is $13.8 million, or 1.4 percent, above estimate.