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July State Revenue Hits $2.2 Billion, More Than The $1.9 Billion In 2013

Pennsylvania collected $2.2 billion in General Fund revenue in July, the first month of the 2014-15 fiscal year, Secretary of Revenue Daniel Meuser reported Friday.

Although the Department of Revenue did not provide comparisons to revenue estimates because those estimates have not been completed yet, in July 2013 the state collected $1.9 billion.

Sales tax receipts totaled $862 million, personal income tax revenue was $835.9 million and corporation tax revenue was $80.8 million for July.

General Fund revenue figures for July included $76 million in inheritance tax and $41.4 million in realty transfer tax.

Other General Fund revenue, including cigarette, malt beverage and liquor and table games taxes totaled $98.6 million for the month.

Non-tax revenue totaled $251.6 million for the month.

In addition to the General Fund collections, the Motor License Fund received $242.4 million for the month, which includes the commonly known gas and diesel taxes, as well as other license, fine and fee revenues.


8/4/2014

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