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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
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Pennsylvania Revenue Department Releases November Collections

HARRISBURG, Pa., Dec. 3, 2012 /PRNewswire-USNewswire/ -- Pennsylvania collected $1.7 billion in General Fund revenue in November, which was $23.1 million, or 1.4 percent, less than anticipated, Secretary of Revenue Daniel Meuser reported today. Fiscal year-to-date General Fund collections total $9.8 billion, which is $59.1 million, or 0.6 percent, above estimate.

Sales tax receipts totaled $709.4 million for November, $36.3 million below estimate. Year-to-date sales tax collections total $3.7 billion, which is $109.5 million, or 2.9 percent, less than anticipated.

Personal income tax (PIT) revenue in November was $679.7 million, $20.7 million below estimate. This brings year-to-date PIT collections to $4 billion, which is $18.3 million, or 0.5 percent, above estimate.    

November corporation tax revenue of $48.8 million was $6 million, above estimate. Year-to-date corporation tax collections total $918.4 million, which is $142.1 million, or 18.3 percent, above estimate.

Inheritance tax revenue for the month was $63.4 million, $6.5 million above estimate, bringing the year-to-date total to $320.4 million, which is $18.7 million, or 5.5 percent, below estimate.

Realty transfer tax revenue was $24.6 million for November, $5.3 million above estimate, bringing the fiscal-year total to $145 million, which is $10.1 million, or 7.5 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, $4.5 million above estimate and bringing the year-to-date total to $621.1 million, which is $12.5 million, or 2 percent, below estimate.

Non-tax revenue totaled $20.9 million for the month, $11.6 million above estimate, bringing the year-to-date total to $129.4 million, which is $29.4 million, or 29.4 percent, above estimate.

In addition to the General Fund collections, the Motor License Fund received $178.2 million for the month, $7.7 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 $1 billion, which is $10.5 million, or 1.1 percent, above estimate.

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

Media contact: Elizabeth Brassell, 717-787-6960

SOURCE Pennsylvania Department of Revenue

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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.

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