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Revenue Department Releases September 2022 Collections

10/03/2022

Harrisburg, PA — Pennsylvania collected $4.2 billion in General Fund revenue in September, which was $135.8 million, or 3.3 percent, more than anticipated, Revenue Secretary Dan Hassell reported today. Fiscal year-to-date General Fund collections total $9.8 billion, which is $196.2 million, or 2.0 percent, above estimate. The Wolf Administration also oversaw a $2.1 billion deposit into Pennsylvania’s Rainy Day Fund in September – the second largest deposit ever – nearly doubling the size of Pennsylvania’s emergency preparedness fund.

Sales tax receipts totaled $1.1 billion for September, $2.3 million below estimate. Year-to-date sales tax collections total $3.6 billion, which is $43.1 million, or 1.2 percent, more than anticipated.

Personal income tax (PIT) revenue in September was $1.6 billion, $61.8 million below estimate. This brings year-to-date PIT collections to $3.8 billion, which is $68.2 million, or 1.8 percent, below estimate.

September corporation tax revenue of $1.1 billion was $202.4 million above estimate. Year-to-date corporation tax collections total $1.4 billion, which is $197.3 million, or 16.9 percent, above estimate.

Inheritance tax revenue for the month was $128.2 million, $5.1 million below estimate, bringing the year-to-date total to $355.1 million, which is $8.4 million, or 2.3 percent, below estimate.

Realty transfer tax revenue was $62.4 million for September, $5.2 million below estimate, bringing the fiscal-year total to $185.6 million, which is $12.9 million, or 7.5 percent, more than anticipated.

Other General Fund tax revenue, including cigarette, malt beverage, liquor and gaming taxes, totaled $176.7 million for the month, $1.7 million below estimate and bringing the year-to-date total to $441.4 million, which is $8.1 million, or 1.8 percent, below estimate.

Non-tax revenue totaled $32.3 million for the month, $9.4 million above estimate, bringing the year-to-date total to $109.8 million, which is $27.5 million, or 33.5 percent, above estimate.

In addition to the General Fund collections, the Motor License Fund received $252.8 million for the month, $34.3 million above 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 $733.4 million, which is $9.6 million, or 1.3 percent, above estimate.

Media Contact: Jeffrey Johnson, ra-press@pa.gov.

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