Pennsylvania collected $3.1 billion in General Fund revenue in January, which was $93.8 million, or 3.1 percent, more than anticipated, Revenue Secretary Dan Hassell reported Thursday.
Fiscal year-to-date General Fund collections total $17.4 billion, which is $89.7 million, or 0.5 percent, above estimate.
Sales tax receipts totaled $920.4 million for January, $45.4 million below estimate. Year-to-date sales tax collections total $6.1 billion, which is $6 million, or 0.1 percent, less than anticipated.
Personal income tax (PIT) revenue in January was $1.5 billion, $52.8 million above estimate. This brings year-to-date PIT collections to $7.3 billion, which is $133.1 million, or 1.9 percent, above estimate.
January corporation tax revenue of $139.9 million was $31.7 million above estimate. Year-to-date corporation tax collections total $1.4 billion, which is $24.1 million, or 1.6 percent, below estimate.
Inheritance tax revenue for the month was $80.9 million, $5.3 million below estimate, bringing the year-to-date total to $558.1 million, which is $9.6 million, or 1.7 percent, below estimate.
Realty transfer tax revenue was $42.2 million for January, $2.4 million above estimate, bringing the fiscal-year total to $306.7 million, which is $1.2 million, or 0.4 percent, more than anticipated.
Other General Fund tax revenue, including cigarette, malt beverage, liquor and gaming taxes, totaled $111.9 million for the month, $10.4 million below estimate, bringing the year-to-date total to $1.1 billion, which is $6.3 million, or 0.6 percent, below estimate.
Non-tax revenue totaled $293.3 million for the month, $68 million above estimate, bringing the year-to-date total to $544.1 million, which is $1.5 million, or 0.3 percent, above estimate.
In addition to the General Fund collections, the Motor License Fund received $203.6 million for the month, $9.4 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 $1.7 billion, which is $32.2 million, or 1.9 percent, above estimate.
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