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Pa. collects nearly $3 billion in first month of new fiscal year
Nearly $3 billion in General Fund revenue was collected by Pennsylvania in July, the first month of the 2023-24 fiscal year.
Secretary of Revenue Pat Browne announced the total at $2.9 billion.
July’s sales tax receipts totaled $1.3 billion. The month’s personal income tax (PIT) was $1.1 billion.
Corporation tax revenue figures for July were $188.2 million. The month’s General Fund revenue total included $127.9 million in inheritance tax and $1.1 million in realty transfer tax.
July’s other General Fund revenue that included cigarette, gaming, liquor, and malt beverage taxes totaled $92.4 million. The month’s non-tax revenue was $98.7 million.
The Motor License Fund, which includes diesel and gas taxes along with license, fine, and fee revenues, received $272 million for the month.
As the official estimate for the 2023-24 fiscal year has not yet been certified, the collection data for July does not contain a comparison against anticipated amounts.
