PA tax revenues remain above estimates

Written by The Associated Press | Jan 2, 2014 4:12 PM

(Harrisburg) -- Halfway through the state's fiscal year, Pennsylvania's tax collections are on target with budget projections.

The state government has taken in $12.3 billion, despite sluggish collections in December.

Revenue from the two most lucrative tax lines -- the sales tax and personal income tax -- trailed projections by less than a percentage point between July and December.

Corporate tax revenue over the six-month period totaled $1.3 billion, exceeding estimates by 4.6 percent. But tax collections on inheritances, realty transfers, cigarettes, malt beverages, liquor and table games lagged projections.

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