July State Revenue Collections $100 Million Ahead Of July 2011
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The Department of Revenue reported Wednesday Pennsylvania collected $1.8 billion in General Fund revenue in July, the first month of the 2012-13 fiscal year, which is $100 million more than the state collected in July 2011. Sales tax receipts totaled $800.5 million; personal income tax (PIT) revenue in July was $692.6 million; and corporation tax revenue was $110 million for July. General Fund revenue figures for July included $68.1 million in inheritance tax and $33.3 million in realty transfer tax. Other General Fund revenue, including cigarette, malt beverage and liquor and table games taxes totaled $107.5 million for the month. Non-tax revenue totaled $32.2 million for the month. In addition to the General Fund collections, the Motor License Fund received $229.7 million for the month, which includes the commonly known gas and diesel taxes, as well as other license, fine and fee revenues. NewsClips: PA Collected $1.8 Billion In July |
8/6/2012 |
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