Revenue Department Releases July 2024 Collections

Harrisburg, PA - Pennsylvania collected $3.0 billion in General Fund revenue in July, the first month of the 2024-25 fiscal year, Secretary of Revenue Pat Browne reported today.

Sales tax receipts totaled $1.3 billion for July.

Personal income tax (PIT) revenue in July was $1.2 billion.

Corporation tax revenue was $216.4 million for July.

General Fund revenue figures for July included $128.7 million in inheritance tax and -$3.1 million in realty transfer tax (RTT). RTT collections for the month are negative due to an increase in the transfer to the Housing Affordability and Rehabilitation Enhancement Fund (from $60 million in July 2023 to $70 million in July 2024).

Other General Fund tax revenue, including cigarette, malt beverage, liquor and gaming taxes, totaled $85.4 million for the month.

Non-tax revenue totaled $80.2 million for the month.

In addition to the General Fund collections, the Motor License Fund received $257.9 million for the month, which includes the commonly known gas and diesel taxes, as well as other license, fine and fee revenues.

July collection data does not include a comparison against anticipated amounts because revenue estimates for each month are not yet finalized.

Media Contact: Jeff Johnson, [email protected]