Pennsylvania’s miscellaneous tax revenues up 3.5% in Q1

Pennsylvania’s miscellaneous tax revenues up 3.5% in Q1
Adobe Stock
0Comments

Pennsylvania collected $537 million in miscellaneous tax revenue during the first quarter of 2021, a 3.5 percent increase over the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

$519 million was reported the previous quarter.

Net sales reflect companies’ total revenue stream, minus the costs of discounts, allowances and product returns.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q1 Pennsylvania Tax Collections
Type of Tax Amount (millions)
Property Taxes $1
Sales and Gross Receipts Taxes $6,379
Income Taxes $4,289
License Taxes $968
Other Taxes $537

Source: U.S. Census Bureau



Related

David Metcalf, U.S. Attorney for the Eastern District of Pennslyvania

Savani Group owners and associate convicted of racketeering conspiracy in Philadelphia

Three members associated with the Savani Group were convicted for running an extensive racketeering scheme involving visa fraud, healthcare fraud, money laundering, tax evasion, mail fraud, FDCA violations, among other charges in Philadelphia on Mar. 9. Authorities say millions were stolen from government programs through these schemes.

David Metcalf, U.S. Attorney for the Eastern District of Pennslyvania

Par Funding pleads guilty to conspiracy in investor fraud scheme

Par Funding has pleaded guilty to conspiracy charges tied to defrauding investors out of hundreds of millions of dollars. Several top executives have also been convicted or sentenced as part of this wide-ranging scheme.

Lt. Gov. Austin Davis

Pennsylvania sees 13.2% drop in corporation net income taxes collections in 2024

Out of the $55.2 billion in total tax revenue collected by Pennsylvania in 2024, $5 billion came from corporation net income taxes, representing a decrease from the previous year, when the total was $5.7 billion, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Keystone Today.