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Pennsylvania raised billions in taxes; here’s how much

Pennsylvania raised billions in taxes; here’s how much

Pennsylvania raised billions in taxes; here’s how much

HARRISBURG, Pa. (WHTM) – The 2023-24 fiscal year has ended and the Pennsylvania Department of Revenue has reported collecting more than $45 billion in taxes.

The Department of Revenue reported $45.5 billion in General Fund collections, more than $862 million above estimates.


During the fiscal year, the State collected the following revenues:

  • Sales tax: $14.3 billion (1.7% above estimate)
  • Personal income tax: $17.9 billion (0.7% below estimate)
  • Corporate tax: $8 billion (2.3% above estimate)
  • Inheritance tax: $1.6 billion (10.5% higher than estimated)
  • Real estate transfer tax: $530.8 million (3.9% above estimate)
  • Other general tax revenue: $1.6 billion (5.6% below estimate)
  • Non-tax revenue: $1.6 billion (43.9% above estimate)
  • Motor Vehicle Licensing Fund (includes gasoline tax): $3.2 billion (1.4% above estimate)

The department said higher-than-expected sales and use tax revenue in June was due to a significantly stronger-than-forecast May and more taxes being paid on a monthly rather than quarterly basis.