Pa. tax revenues remain above estimates - 21 News Now, More Local News for Youngstown, Ohio -

Pa. tax revenues remain above estimates

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

Officials said Thursday 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.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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