Monthly Revenue Report

Pennsylvania DEPARTMENT OF REVENUE Torn Corbett, Governor Monthly Revenue Report September 2013 Daniel Meuser, Secretary of Revenue www.revenue.state.pa.us IN THIS ISSUE: • GENERAL FUND Page 1 ф MOTOR LICENSE AND GAMING FUNDS Page 2 • REVENUE RECEIPTS FOR SELECTED SPECIAL FUNDS Page 2 REFUNDS OF TAXES Page 2 KEY ECONOMIC INDICATORS Page 3 GENERAL FUND GROWTH Page 4 • GENERAL FUND COMPARISON OF ACTUAL TO ESTIMATE SEPTEMBER 2013 Page 5 • MOTOR LICENSE FUND GROWTH Page 6 % MOTOR LICENSE FUND COMPARISON OF ACTUAL TO ESTIMATE SEPTEMBER 2013 Page 6 GENERAL FUND General Fund collections of $2,427.8 million for the month of September were $15.2 million, or 0.6%, above the official estimate. Fiscal year 2013-14 collections of $6,109.5 million were above the official estimate by $12.8 million, or 0.2%. • Total Corporation Tax collections of $457.4 million for the month of September were $8.2 million, or 1.8%, below the official estimate. Year-to-date collections are $10.0 million, or 1.7%, below estimate. • Sales and Use Tax (SUT) collections of $730.4 million were $0.9 million, or 0.1%, below estimate. Year-to-date collections are $17.6 million, or 0.9%, above estimate. • Total Personal Income Tax (PIT) collections of $986.0 million for the month of September were $8.3 million, or 0.9%, above estimate. Year-to-date collections are $2.9 million, or 0.1%, above the official estimate. • Realty Transfer Tax (RTT) revenues of $35.2 million were $6.3 million, or 21.8%, above estimate. Year-to-date collections are $6.2 million, or 5.9%, above estimate. • Inheritance Tax revenues of $70.8 million were $3.0 million, or 4.4%, above estimate. Year-to-date collections are $0.2 million, or 0.1%, 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 September. • Nontax revenue collections for the month of September were above the official estimate by $9.2 million. Year-to- date collections are $4.4 million below 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 I 1147 Strawberry Square 1 Harrisburg, PA 17128-1100 I 717.787.6300 I FAX 717.787.6738.