Taxable Sales Up in Nevada

By: AP Email
By: AP Email

CARSON CITY, Nev. (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 are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 132649448 -
Gray Television, Inc.