August 1, 2012

July State Revenue Collections $100 Million Ahead Of July 2011

The Department of Revenue reported Wednesday Pennsylvania collected $1.8 billion in General Fund revenue in July, the first month of the 2012-13 fiscal year, which is $100 million more than the state collected in July 2011.
           Sales tax receipts totaled $800.5 million; personal income tax (PIT) revenue in July was $692.6 million; and corporation tax revenue was $110 million for July.
           General Fund revenue figures for July included $68.1 million in inheritance tax and $33.3 million in realty transfer tax. 
           Other General Fund revenue, including cigarette, malt beverage and liquor and table games taxes totaled $107.5 million for the month.
           Non-tax revenue totaled $32.2 million for the month.
           In addition to the General Fund collections, the Motor License Fund received   $229.7 million for the month, which includes the commonly known gas and diesel taxes, as well as other license, fine and fee revenues.