PA Revenue Department Releases May Collections

HARRISBURG, Pa., June 1 /PRNewswire-USNewswire/ -- Secretary of Revenue
Stephen H. Stetler today reported that Pennsylvania collected $1.6 billion in
General Fund revenue in May, which was $287.5 million, or 15.1 percent, less
than anticipated. Fiscal year-to-date General Fund collections total $23.3
billion, which is $2.8 billion, or 10.9 percent, below estimate.

Sales tax receipts totaled $607.4 million for May, $106.4 million below
estimate. Sales tax collections, year-to-date, total $7.5 billion, which is
$527.7 million, or 6.6 percent, less than anticipated.

Personal income tax (PIT) revenue in May was $721.4 million, $55.7 million
below estimate. This brings year-to-date PIT collections to $9.4 billion,
which is $1.1 billion, or 10.4 percent, below estimate.

May corporation tax revenue of $81.6 million was $38.8 million below estimate.
Year-to-date corporation tax collections total $4.4 billion, which is $531.4
million, or 10.7 percent, below estimate.

Other General Fund revenue figures for the month included $65.3 million in
inheritance tax, $10.8 million below estimate, bringing the year-to-date total
to $704.5 million, which is $94.4 million below estimate.

Realty transfer tax was $18.6 million for May, $12.2 million below estimate,
bringing the total to $267.3 million for the year, which is $105.2 million
less than anticipated.

Other General Fund tax revenue including cigarette, malt beverage and liquor
taxes totaled $83.3 million for the month, $10.4 million below estimate,
bringing the year-to-date total to $958.2 million, which is $21.2 million
below estimate.

Non-tax revenue totaled $35.7 million for the month, $53.1 million below
estimate, bringing the year-to-date total to $79.1 million, which is $475.7
million below estimate.

In addition to the General Fund collections, the Motor License Fund received
$186.3 million for the month, $31.7 million below estimate. Fiscal
year-to-date collections for the fund total $2.4 billion, which is $137.2
million, or 5.4 percent, below estimate.

The Gaming Fund received $55 million in unrestricted revenues for May. Fiscal
year-to-date collections for the fund total $539.6 million. Gaming Fund
receipts include taxes, fees and interest. Of the total for the month, $54.9
million was collected in state taxes for property tax relief, bringing the
year-to-date total to $540 million.

Other gaming-related revenues collected for May included $6.5 million for the
Local Share Assessment, for a net total of $59.3 million for the year; $8.1
million for the Economic Development and Tourism Fund, for a year-to-date
total of $79.4 million; and $19.4 million for the Race Horse Development Fund,
bringing the total for the year to $190.6 million.
CONTACT:
Stephanie Weyant
(717) 787-6960

SOURCE Pennsylvania Department of Revenue

Stephanie Weyant of Pennsylvania Department of Revenue, +1-717-787-6960