September Taxable Sales up 4.2 Percent, 27th Consecutive Increase

CARSON CITY – Nevada taxable sales totaled $3.7 billion in September for a 4.2 percent increase over the same month in 2011, the Department of Taxation reported today.

It was the 27th consecutive month of increases in the economic indicator as the state Economic Forum prepares on Friday to establish the general fund revenue estimates for the 2013-15 budget.

Clark County taxable sales were up 4.9 percent, while Washoe County saw a 9.1 percent increase.

Photo by Tabercil via Wikimedia Commons.

All major categories of taxable sales showed increases in September, with the largest seen in Motor Vehicle and Parts Dealers, up 13.3 percent; Building Material and Garden Equipment Supplies, up 33 percent; Food Services and Drinking Places, up 2.9 percent; Telecommunications, up 95.3 percent; and Clothing and Accessories Stores, up 7.4 percent.

Other categories showing increases included the Construction Industry Classification, up 20.7 percent; Merchant Wholesalers – Durable Goods, up 5.2 percent; General Merchandise Stores, up 2.8 percent; Food and Beverage Stores, up 5.3 percent; Furniture and Home Furnishings, up 1.9 percent; and Accommodations, up 102.5 percent.

Eight of Nevada’s seventeen counties recorded an increase in taxable sales for September 2012 compared to September 2011. Churchill, Esmeralda, Eureka, Lander, Lincoln, Lyon, Mineral, Nye and Pershing counties recorded a decrease.

The general fund portion of the sales and use taxes collected from the taxable sales amounted to $74.1 million, which represents a 4.5 percent increase compared to September 2011. Compared to the May 2011 Economic Forum projections and based on department analysis, the general fund portion of the sales and use taxes is approximately 4.5 percent or $9.4 million above the forecast for fiscal year 2013 through September.

Modified business tax collections totaled $94.2 million for the state general fund for the quarter ending September 2012. The September collections represent a 3.9 percent decrease compared to the same quarter prior year.