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Friday, May 10, 2024

Pennsylvania's combined tax revenues up 2.8% from Q1 to Q2 2023

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Patrick M. Browne Secretary of Revenue at Pennsylvania Department of Revenue | Pennsylvania Department of Revenue

Patrick M. Browne Secretary of Revenue at Pennsylvania Department of Revenue | Pennsylvania Department of Revenue

Combined tax revenues in Pennsylvania increased 2.8% in the second quarter of 2023 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Pennsylvania collected $14.8 billion in taxes during the second quarter of 2023, compared to $14.4 billion in the previous quarter.

The majority of the state’s tax revenue was collected through income taxes ($7.6 billion) and general sales and gross receipts taxes ($5.9 billion).

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.

Q2 Pennsylvania Tax Collections
Type of TaxAmount (millions)
Income Taxes$7,643
Sales and Gross Receipts Taxes$5,906
License Taxes$638
Other Taxes$572
Property Taxes$43
Source: U.S. Census Bureau

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