August 1, 2017

July State Revenue Collections Were $2.1 Billion, Up From July 2016

The Department of Revenue Tuesday announced Pennsylvania collected $ 2.1 billion in General Fund revenue in July, the first month of the 2017-18 fiscal year.
In 2016, state General Fund revenue for July were $1.97 billion, in July 2015 the state collected $2.135 billion and in 2014 $2.246 billion.
More specifically this year, the state collected—
-- Sales tax receipts totaled $912.7 million in July.
-- Personal income tax (PIT) revenue in July was $827 million.
-- Corporation tax revenue was $61.8 million for July.
-- General Fund revenue figures for July included $83 million in inheritance tax.
-- Other General Fund revenue, including cigarette, malt beverage and liquor and table games taxes totaled $138.4 million for the month.
-- Non-tax revenue totaled $22.1 million for the month.
In addition to the General Fund collections, the Motor License Fund received $248.6 million for the month, which includes the commonly known gas and diesel taxes, as well as other license, fine, and fee revenues.
July collection data does not include a comparison against anticipated amounts because revenue estimates for each month are not yet finalized.