December State Revenues $161.7 Million More Than Anticipated

Pennsylvania collected $2.7 billion in General Fund revenue in December, which was $161.7 million, or 6.3 percent, more than anticipated, Secretary of Revenue Daniel Meuser reported Friday.

Fiscal year-to-date General Fund collections total $13.3 billion, which is $270.7 million, or 2.1 percent, above estimate.

Sales tax receipts totaled $804.2 million for December, $10.3 million above estimate. Year-to-date sales tax collections total $4.8 billion, which is $59.7 million, or 1.3 percent, more than anticipated.

Personal income tax revenue in December was $1 billion, $25.3 million above estimate. This brings year-to-date PIT collections to $5.2 billion, which is $14.5 million, or 0.3 percent, above estimate

December corporation tax revenue of $564.2 million was $77.5 million above estimate. Year-to-date corporation tax collections total $1.4 billion, which is $163.5 million, or 12.9 percent, above estimate.

Inheritance tax revenue for the month was $72.1 million, $7.4 million below estimate, bringing the year-to-date total to $521.7 million, which is $82.9 million, or 18.9 percent, above estimate.

Realty transfer tax revenue was $40.4 million for December, $6.1 million above estimate, bringing the fiscal-year total to $216 million, which is $21.1 million, or 8.9 percent, less than anticipated.

Other General Fund tax revenue, including cigarette, malt beverage, liquor and table games taxes, totaled $146.6 million for the month, $12 million above estimate and bringing the year-to-date total to $741.8 million, which is $9.5 million, or 1.3 percent, above estimate.

Non-tax revenue totaled $63.2 million for the month, $38 million above estimate, bringing the year-to-date total to $376.8 million, which is $38.3 million, or 9.2 percent, below estimate.

In addition to the General Fund collections, the Motor License Fund received $170.1 million for the month, $12.4 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 $1.2 billion, which is $1.4 million, or 0.1 percent, above estimate.