Monthly Revenue Report

Tom Corbett, Governor Daniel Meuser, Secretary of Revenue www.revenue.state.pa.us Monthly Revenue Report April 2012 IN THIS ISSUE: Q GENERAL FUND Page 1 GENERAL FUND • MOTOR LICENSE AND GAMING FUNDS Page 2 Q REVENUE RECEIPTS FOR SELECTED SPECIAL FUNDS Page 2 REFUNDS OF TAXES Page 2 KEY ECONOMIC INDICATORS Page 3 GENERAL FUND GROWTH Page 4 ф GENERAL FUND COMPARISON OF ACTUAL TO ESTIMATE APRIL 2012 Page 5 О MOTOR LICENSE FUND GROWTH Page 6 ф MOTOR LICENSE FUND COMPARISON OF ACTUAL TO ESTIMATE APRIL 2012 Page 6 General Fund collections of $3,421.8 million for the month of April were $98.2 million, or 3.0%, above the official estimate. Fiscal year 2011-12 collections of $23,002.1 million were below the official estimate by $289.1 million, or 1.2%. • Total Corporation Tax collections of $586.3 million for the month of April were $67.8 million, or 13.1%, above the official estimate. Year-to-date collections are $123.2 million, or 2.8%, below estimate. • Sales and Use Tax (SUT) collections of $777.3 million were $35.7 million, or 4.8%, above estimate. Year-to-date collections are $74.1 million, or 1.0%, above estimate. • Total Personal Income Tax (PIT) collections of $1,680.7 million for the month of April were $26.4 million, or 1.5%, below estimate. Year-to-date collections are $224.5 million, or 2.4%, below the official estimate. • Realty Transfer Tax (RTT) revenues of $23.8 million were $3.2 million, or 15.4%, above estimate. Year-to-date collections are $5.4 million, or 2.2%, below estimate. • Inheritance Tax revenues of $68.2 million were $1.4 million, or 2.0%, below estimate. Year-to-date collections are $11.7 million, or 1.7%, below estimate. • Other tax revenue including Cigarette, Malt Beverage, Liquor, Table Games, and other miscellaneous tax collections totaled $125.1 million for the month of April. • Nontax revenue collections for the month of April were above the official estimate by $23.9 million. Year-to-date collections are $7.5 million above the official estimate. Page 1 Direct address changes, requests for inclusion on the mailing list, and any other inquiries to the Pennsylvania Department of Revenue, Bureau of Research 1147 Strawberry Square Harrisburg, PA 17128-1100 717.787.6300 FAX 717.787.6738.