Check Out Our Sports Photo Galleries Contact Us
Taxable sales in Nevada up 5.7% in August
by Sandra Chereb - Associated Press
Oct 26, 2011 | 725 views | 0 0 comments | 2 2 recommendations | email to a friend | print
CARSON CITY (AP) — Taxable sales in Nevada rose 5.7 percent in August over the same month a year ago, marking the 14th consecutive month of gains, the state Department of Taxation reported Wednesday.

Merchants statewide sold $3.4 billion in goods, on which the state collected gross sales and use tax revenues of $265.5 million. The tax collections represent a 3.3 percent increase over August 2010, and the $67.5 million that goes to the state general fund was up 3.4 percent.

For the first two months of the fiscal year, tax collections are $1.5 million above projections made in May by the Economic Forum, an independent panel charged with forecasting state revenues on which the state budget is based.

Sales were up in 15 of Nevada’s 17 counties, with Lincoln and Lyon counties posting the only declines, the report said. Sales and use taxes account for about a third of Nevada’s general fund sources used to finance government.

In Clark County, the state’s largest, sales rose 3.5 percent. Washoe County sales were up 2.1 percent.

The report noted gains in sales at bar and restaurant, up 5.7 percent; auto and vehicle parts, up 11.4 percent; durable goods, up 17.8 percent; clothing and accessories, up 11.5 percent; and home furnishings, up 9.4 percent.

But accommodations, which along with sales at bar and restaurants provide a snapshot on the robustness of Nevada’s tourism industry, fell 8 percent from the same month last year, the report said. Likewise, sales of construction materials, an industry that has suffered deep declines in the wake of the housing meltdown, fell 5 percent.

Sales in Clark County, Nevada’s population hub and tourism magnet, totaled $2.4 billion. Bar and restaurant sales there amounted to $664 million, up 6.3 percent. But accommodations fell by 6.7 percent, to $6.2 million from $6.6 million.

Sales totaled $468.6 million in northern Nevada’s Washoe County, which includes Reno and Sparks.

In other counties, sales rose 28.2 percent in Elko; 4.1 percent in Churchill; 4 percent in Douglas; 2.1 percent in Storey; and 11.7 percent in Carson City.
Comments-icon Post a Comment
No Comments Yet
Featured Businesses