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Nevada taxable sales up 10.2 percent
by Sandra Chereb - Associated Press
Apr 26, 2012 | 724 views | 0 0 comments | 2 2 recommendations | email to a friend | print

CARSON CITY — Nevada’s taxable sales in February jumped 10.2 percent from the same month last year as residents reached into their wallets to buy big-ticket items like vehicles and home furnishings, the Department of Taxation reported Thursday.

Many sectors reported double-digit increases, and the report marked the 20th straight month of sales gains that began in July 2010 when the Great Recession started to ease its chokehold on Nevada’s economy.

Merchants in February sold $3.2 billion in taxable goods, meaning the state collected $259 million in gross revenue. Revenue collections were 11.5 percent higher than in February 2011..

Sales increased in 14 of Nevada’s 17 counties, with only Elko, Humboldt and White Pine reporting declines, the report said.

In Clark County, which includes Las Vegas, sales rose 11.1 percent to $2.4 billion, up from $2.2 billion. Washoe County, which includes Reno, reported sales totaling $397 million, an increase of 10.7 percent.

The breadth of gains across various sectors suggests Nevada consumers are feeling more confident about the overall economy and employment outlook.

Sales of vehicles and parts jumped nearly 23 percent.
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