Pennsylvania collected $2.2 billion in General Fund revenue in October, which was $36.1 million, or 1.6 percent, more than anticipated, according to the Department of Revenue Tuesday.
Fiscal year-to-date General Fund collections total $8.8 billion, which is $182.4 million, or 2 percent, below estimate.
Sales tax receipts totaled $871.9 million for October, $2.2 million above estimate. Year-to-date sales tax collections total $3.4 billion, which is $70.3 million, or 2 percent, less than anticipated.
Personal income tax revenue in October was $874.1 million, $6.1 million below estimate. This brings year-to-date PIT collections to $3.6 billion, which is $60.9 million, or 1.7 percent, below estimate.
October corporation tax revenue of $191.3 million was $31.8 million above estimate. Year-to-date corporation tax collections total $775.3 million, which is $30 million, or 3.7 percent, below estimate.
Inheritance tax revenue for the month was $76.3 million, $100,000 below estimate, bringing the year-to-date total to $299.9 million, which is $9.5 million, or 3.1 percent, below estimate.
Realty transfer tax revenue was $41.9 million for October, $8.8 million below estimate, bringing the fiscal-year total to $161.5 million, which is $26.2 million, or 13.9 percent, less than anticipated.
Other General Fund tax revenue, including cigarette, other tobacco products, malt beverage, liquor and table games taxes, totaled $175.1 million for the month, $24.9 million above estimate and bringing the year-to-date total to $577.2 million, which is $14.9 million, or 2.6 percent, above estimate.
Non-tax revenue totaled $4.2 million for the month, $7.7 million below estimate, bringing the year-to-date total to $63.2 million, which is $400,000, or 0.6 percent, below estimate.
In addition to the General Fund collections, the Motor License Fund received $206 million for the month, $4.9 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 $869.6 million, which is $4.8 million, or 0.5 percent, below estimate.