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Pennsylvania sees sturdy income numbers in September

Pennsylvania Income Secretary Dan Hassell reported that the state collected $4 billion normally fund income in September, which was $495.9 million, or 14.1%, greater than anticipated.

The final fund fiscal year-to-date collections are at $9.3 billion, 7.3% above the estimate.

September gross sales tax receipts totaled $1.1 billion, $93 million above estimate, with year-to-date collections 4.3% above estimate.

Private revenue tax for the month was $97.8 million above estimate at $1.5 billion. Complete year-to-date private revenue tax collections are 5% greater than anticipated.

Company tax income for September was reported at $898.2 million, $233.7 million above estimate. 12 months-to-date company tax collections whole $1.2 billion, 27.3% above estimate.

Inheritance tax for the month was $143.4 million, $25.4 million above estimate, bringing the year-to-date whole to $370.6 million, which was 3.6% above estimate.

Income from the realty switch tax, different normal fund tax, and non-tax income have been all above the anticipated quantity.



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