Pennsylvania’s revenue for April increased $51.1 million to $5.7 billion, Acting Revenue Secretary Pat Browne reported Monday.
The amount was 0.9% above estimate. Fiscal year-to-date General Fund collections total $37.9 billion, which is $1.2 billion or 3.3% more than anticipated.
Sales tax receipts totaled $1.2 billion for the month, $43.1 million above estimate. Year-to-date sales tax collections total $11.7 billion, which is $227.6 million, or 2.0%, more than anticipated.
April’s personal income tax (PIT) revenue was $2.9 billion, $322.0 million below estimate. This brings year-to-date PIT collections to $14.9 billion, which is $406.4 million, or 2.7%, below what was anticipated.
The corporation tax revenue of $992.1 million for the month was $261.3 million above estimate. Year-to-date corporation tax collections total $7.2 billion, which is $1.1 billion, or 18.7%, above expectations.
April’s inheritance tax revenue totaled $118.7 million, $5.5 million more than anticipated, bringing the year-to-date total to $1.3 billion, which is $36.4 million, or 3.0%, above estimate.
Realty transfer tax revenue was $41.9 million for the month, $21.8 million below estimate, bringing the fiscal-year total to $528.9 million, which is $95.4 million, or 15.3%, less than expected.
Other General Fund tax revenue, including cigarette, malt beverage, liquor and gaming taxes, totaled $61.9 million for April, $18.5 million more than expected. This brings the year-to-date total to $1.4 billion, which is $12.6 million, or 0.9%, above estimate.
The non-tax revenue for the month totaled $310 million, $66.4 million more than expected, bringing the year-to-date total to $986.2 million, which is $286.8 million, or 41%, above estimate.
Along with General Fund collections, the Motor License Fund received $291 million for April, which was $4.5 million below estimate. Fiscal year-to-date collections for the fund – which include gas and diesel taxes, as well as other license, fine and fee revenues – total $2.4 billion, which is $66 million, or 2.8%, more than anticipated.