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Sunday, December 22, 2024

Pennsylvania's combined tax revenues up 4.6% in Q1 compared to same quarter of the previous year

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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

Pennsylvania collected $15 billion in income, license, miscellaneous other, property and sales and gross receipts taxes during the first quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This represents a 4.6% increase over the same quarter of the previous year, when combined tax revenues were $14.4 billion.

The majority of the state's tax revenue was collected through sales and gross receipts taxes ($8.3 billion) and income taxes ($5.1 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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Q1 Pennsylvania Tax Collections

Type of TaxAmount (millions)
Income Taxes$5,090
License Taxes$1,106
Other Taxes$533
Property Taxes$0
Sales and Gross Receipts Taxes$8,263

Source: U.S. Census Bureau

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