Taxable Sales in Nevada Up in January

By: AP Email
By: AP Email

CARSON CITY, Nev. (AP) - Taxable sales in Nevada rose 4.8
percent in January over the same month last year, buoyed in part by
double digit gains in sales of home furnishings, clothing and
accommodations, the Nevada Department of Taxation reported
Thursday.

Merchants sold nearly $3.2 billion in taxable goods, on which
the state collected gross revenue of $248.5 million. The tax
collections represent a 6 percent increase over those collected in
January 2011.

January's results marked the 19th straight month of overall
sales improvement statewide.

In Clark County, sales were up 3.5 percent, while sales in
Washoe County jumped 6.1 percent. Sales were up in 15 of Nevada's
17 counties, with Douglas and Humboldt being the exceptions. Sales
in those counties fell 3.2 percent and 12.9 percent, respectively.

Clark County, the state's largest that includes Las Vegas, saw
sales of $2.33 billion, up from $2.25 billion. Accommodations there
were up 18.2 percent, while sales at bars and restaurants saw a
minor gain of 2.9 percent.

Washoe County, which includes Reno, had total sales of $396.7
million, up from $374 million the same month a year earlier.

Of the major industries, sales of home furnishings rose 10.7
percent; car and vehicle part sales, up 8.1 percent; durable goods,
up 8.2 percent; food and beverage stores, up 5.9 percent; and
general merchandise, up 2.1 percent.

Accommodations and bar and restaurants sales - key indicators of
Nevada's important tourism economy - saw gains of 17.8 percent and
2.4 percent overall.

But the report showed Nevada's construction industry is still
struggling to gain footing in the aftermath of the Great Recession
and the collapse of the state's housing market. Construction sales
fell in January by 17 percent.

The portion of gross sales tax revenue earmarked for the state
general fund was $62.6 million in January, representing an increase
of 4.8 percent. For the fiscal year that began July 1, general fund
sales and use tax collections are about 3.4 percent, or $15.8
million, above projections made last May by the independent
Economic Forum that were used to build the state's current two-year
budget.


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