Skip Navigation LinksMedia > Revenue Details

Media > Revenue > Details

11/01/2018

Revenue Department Releases October 2018 Collections

Harrisburg, Pa. — Pennsylvania collected $2.5 billion in General Fund revenue in October, which was $28.3 million, or 1.2 percent, more than anticipated, Revenue Secretary Dan Hassell reported today. Fiscal year-to-date General Fund collections total $10 billion, which is $238 million, or 2.4 percent, above estimate.  

Since the start of the 2018-19 fiscal year, overall tax revenue is $893.2 million, or 9.9 percent, more than was collected in the same period of the last fiscal year.
 
Sales tax receipts totaled $959.4 million for October, $26.8 million above estimate. Year-to-date sales tax collections total $3.8 billion, which is $94.5 million, or 2.6 percent, more than anticipated.
 
Personal income tax (PIT) revenue in October was $1.1 billion, $5.4 million below estimate. This brings year-to-date PIT collections to $4.1 billion, which is $40.8 million, or 1 percent, below estimate.
 
October corporation tax revenue of $111.2 million was $10.5 million above estimate. Year-to-date corporation tax collections total $941.5 million, which is $179.8 million, or 23.6 percent, above estimate.
 
Inheritance tax revenue for the month was $90.3 million, $3.1 million above estimate, bringing the year-to-date total to $348.9 million, which is $9.1 million, or 2.7 percent, above estimate.
 
Realty transfer tax revenue was $51 million for October, $0.2 million above estimate, bringing the fiscal-year total to $182.4 million, which is $4 million, or 2.1 percent, less than anticipated.
 
Other General Fund tax revenue, including cigarette, malt beverage, liquor and gaming taxes, totaled $144.5 million for the month, $18.4 million below estimate and bringing the year-to-date total to $592.1 million, which is $20.5 million, or 3.5 percent, below estimate.
 
Non-tax revenue totaled $29.7 million for the month, $11.4 million above estimate, bringing the year-to-date total to $104 million, which is $19.9 million, or 23.7 percent, above estimate.
 
In addition to the General Fund collections, the Motor License Fund received $205 million for the month, $23.8 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 $915.8 million, which is $35.9 million, or 3.8 percent, below estimate.
 
Media contact: Jeffrey Johnson, 717-787-6960

 

# # #

Share This

Search

Enter your search term

Search
× Cancel