Pennsylvania Department of Revenue

Social Security cost-of-living adjustments (COLAs) will no longer disqualify Pennsylvanians from receiving a tax rebate if their annual earnings were pushed over the income ceiling as a result.

The Property Tax and Rent Rebate Program, which gives money to many older and disabled Pennsylvanians on a fixed income, had to adjust to COLAs or else individuals would be unfairly disqualified, according to Pennsylvania Department of Revenue spokeswoman Elizabeth Brassell.

State tax revenues for the first quarter of the fiscal year are up…slightly.

The Revenue Department reports that for the first three months of FY 2014-15, the state pulled in $6.6 billion— just $500,000 above expectations, or 0.007 percent. General fund collections in September totaled $2.6 billion, $11 million more than projected.  

Three months until the end of the 2013-14 fiscal year, Pennsylvania’s revenue collections are 0.5  percent short of estimates.

The Department of Revenue reports  through the first nine months of FY 13-14 it has collected  $20.5 billion — $96.3 million behind approximations — but spokeswoman Elizabeth Brassell said that number “disguises the fiscal reality.”

Pennsylvania’s coffers continue to be not as full as state officials anticipated. For a third straight month, revenue collections were lower than expected. 

According to the Department of Revenue, Pennsylvania pulled in $1.6 billion in funds in February which was 2.1 percent below projections. For the first eight months of the fiscal year, total revenues are 0.5 percent less than estimates.

Many Pennsylvanians will start the New Year with a little extra money in their pockets, but that’s only if they apply for a tax rebate rebate.

The Department of Revenue is encouraging eligible adults to apply for Pennsylvania’s Property Tax/Rent Rebate Program before the deadline on Dec. 31.

Department spokeswoman Maia Warren said the holidays are a great time to remind older friends and relatives to apply.

Two months into the new fiscal year, Pennsylvania’s revenue collections seem to be lagging just a little behind, with the Pennsylvania Department of Revenue’s General Fund bringing in $3.7 billion— 0.1 percent below estimate.

In August, corporation tax, inheritance tax and realty transfer tax all fell below the state’s projections. Only sales, cigarette, alcohol and table game tax revenues were above estimates.

Pennsylvanians feeling the pressure to hurry up and fill out their property tax/rent rebate application by June 30 can breathe a little more easily because the deadline has been extended to December 31.

The due date was pushed back because the Pennsylvania Department of Revenue has additional funds to pay the rebates.

Spokeswoman Elizabeth Brassell said the deadline has been pushed back every year for the past 10 years she has worked at the department.

Pennsylvania Tax Revenues Down in March

Apr 2, 2013

Though Pennsylvania collected $4.2 billion in revenues in March, that number was $69.4 million, or 1.6 percent, below what was projected.

Despite last month's shortfall, the PA Department of Revenue says that from July through March collections totaled $20.3 billion, which is $35.5 million, or 0.2 percent, above estimate.

A deal to privatize the Pennsylvania Lottery has hit a snag, but contracts with the two private firms advising the commonwealth on the plan means the state has some bills to pay.

The state could be on the hook for something on the order of $1.2 million dollars for work by its consultants on a deal to turn over the operations of the lottery to British firm Camelot Global Services.

Attorney General Kathleen Kane rejected the contract, but if the deal had gone through, payment to the two advisors could have been much higher – total pay was capped at $30 million.