Posts Tagged ‘autos’

Nevada Records Two Straight Years Of Taxable Sales Increases With 7.9 Percent Gain In June

By Nevada News Bureau Staff | 2:57 pm August 29th, 2012

CARSON CITY – Nevada recorded two straight years of increases in taxable sales through June, with a statewide gain of 7.9 percent over June 2011, the state Department of Taxation reported today.

Taxable sales totaled $3.9 billion in June compared to $3.6 billion in June 2011. For the 2012 fiscal year, taxable sales rose 7.6 percent over 2011.

Clark County taxable sales were up 8.9 percent in June and Washoe County saw a 3 percent gain.

The largest increases in taxable sales were seen in the utilities category, up 214.5 percent; motor vehicles and parts dealers, up 17.4 percent; merchant wholesalers-durable goods, up 16.3 percent, food services and drinking places, up 3.8 percent; and clothing and clothing accessories stores, up 6.7 percent.

Author: Dany kg via Wikimedia Commons.

Other categories showing increases included the construction industry, up 7.3 percent; general merchandise stores, up 0.3 percent; food stores, up 4.1 percent; furniture and home furnishings, up 4.1 percent; and accommodations, up 19.2 percent.

Thirteen of Nevada’s seventeen counties recorded an increase in taxable sales for June 2012 compared to June 2011. Eureka, Lyon, Pershing, and White Pine counties recorded declines.

Bryan Wachter, director of government affairs for the Retail Association of Nevada (RAN), said there is a lot of good news in the June report.

“There’s a lot to be happy about and retail and (the) retail industry is obviously glad to be leading that 24-month increase in taxable sales, and of course, what that will bring into the state budget which gets spent on, among other things, education,” he said.

One of the healthiest indicators in the June report is the 16.3 percent increase in durable goods, which includes major purchases such as washing machines and refrigerators, Wachter said.

“I think what those numbers kind of show is a willingness for folks to buy things that maybe they’ve been putting off for awhile,” he said.

The monthly report shows that the state general fund share of the sales and uses taxes totaled $79.2 million in June for a 5.4 percent increase over June 2011. State sales taxes are now about $41 million above what was forecasted by the Economic Forum in May of 2011.

The positive trend in retail-based taxable sales is expected to continue through the remainder of the year, Wachter said.

“We’ll start looking forward to back-to-school spending to show some increase, and we’ll start seeing that maybe towards the end of the July numbers going into August,” he said. “We anticipate a 15 percent increase in back-to-school spending in 2012 over 2011 and we think we’re going to hit it.

“And we hope then that that kind of leads us into the holiday shopping season,” Wachter said. “We’ll hit Halloween and we’ll enter into Christmas and we think we’ll have positive news all the way through December.”


Audio clips:

Bryan Wachter, director of government affairs for the Retail Association of Nevada, says there is a lot of good news in the report:

082912Wachter1 :31 off for awhile.”

Wachter says the association anticipates a strong finish to the year:

082912Wachter2 :26 way through December.”


Nevada Taxable Sales Sees Modest But Solid Gain In April

By Sean Whaley | 2:31 pm June 29th, 2012

CARSON CITY – Nevada’s taxable sales climbed by 5.1 percent in April over April 2011, continuing a 22 consecutive month trend of positive numbers for the important economic indicator, the state Department of Taxation reported this week.

The $3.5 billion in taxable purchases in April were buoyed by double-digit gains in several major categories, including construction; up 16.1 percent, merchant wholesalers-durable goods, up 10.2 percent; and motor vehicle and parts dealers, up 10.5 percent.

For the fiscal year through April taxable sales are up 7.2 percent over the same period in the 2011 fiscal year.

Clark County was up 4.9 percent in April, while Washoe County eked out a small 0.2 percent gain. Thirteen of 17 Nevada counties reported gains in taxable sales in April.

Bryan Wachter, director of government affairs for the Retail Association of Nevada, said the solid gains in April came even without a lot of shopping ahead of Easter, which fell on April 8 this year. Much of the Easter shopping came in March, he said.

“It did get a little bit warmer starting in March, so we saw a lot of purchases that people traditionally make when it starts getting warmer made a little bit earlier in the season than maybe last year,” he said. “All things considered April was a very good month.”

General merchandise stores were up 2.4 percent in April, clothing and accessories stores were up 1.8 percent, furniture and home furnishings were up 5 percent, and accommodations were up 13.4 percent.

The home furnishings increase, “is a great number, especially given our housing situation,” Wachter said. “The fact that that number has consistently remained up we view as positive.”

The accommodations number is good news, since Nevada needs its gaming and tourism industries to come back as well, he said.

Sales and use taxes collected from purchases are 4.2 percent ahead of projections for the state general fund for the fiscal year through April, meaning there is nearly $28 million more than was forecasted for the period.

Wachter said this will mean additional money for education and health and human services in the next budget cycle.


Audio clips:

Bryan Wachter, director of government affairs for the Retail Association of Nevada, said April was a good month for taxable sales:

062912Wachter1 :25 very good month.”

Wachter says the home furnishings increase is particularly good given the state of Nevada’s housing market:

062912Wachter2 :27 in that category.”

Nevada’s Taxable Sales Edge Down In May After Rare Up Month in April

By Nevada News Bureau Staff | 2:30 pm July 27th, 2010

CARSON CITY – Nevada’s taxable sales fell 1.9 percent in May over May 2009, a decline following April which saw the first positive month for the economic indicator in 20 months, the state Department of Taxation reported today.

May statewide taxable sales totaled $3.1 billion compared to $3.2 billion in May 2009.

Taxable sales are down just over 11 percent so far for the 2010 fiscal year, which ended June 30. One more month of collections, from June, must still be reported for the year.

Clark County taxable sales were down 1.4 percent in May to $2.3 billion, while Washoe County sales were off by 3.8 percent and totaled $425 million.

The largest increases in statewide taxable sales were seen in the categories of accommodations, up 23 percent; clothing and clothing accessories stores, up 10.7 percent; electronics and appliance stores, up 15.8 percent; professional scientific and technical services, up 19.3 percent; and telecommunications, up 14 percent.

Home furniture and furnishings also saw an increase in May, up 6.2 percent over May 2009.

Other major taxable sales categories were down in May, including the construction industry classification by 31.6 percent;, merchant wholesalers- durable goods, off 11.1 percent; motor vehicles and parts dealers, down 1.7 percent; general merchandise stores, off 0.3 percent; and food and beverage stores, down 7.2 percent. Bars and restaurants were down 0.7 percent.

Twelve of Nevada’s 17 counties recorded a decrease in taxable sales for May 2010 compared to May 2009. Esmeralda, Eureka, Lincoln, Pershing and White Pine counties recorded positive taxable sales for the period.

Gross revenue collections from sales and use taxes amounted to $248 million for May 2010 which represents a 3.3 percent increase compared to May 2009, and a 5.8 percent decrease for the eleven months of fiscal year 2010. Of this amount, approximately $2.7 million was collected under an amnesty program.

Compared to the January 2010 Economic Forum projections, the general fund portion of the sales and use taxes is 3.2 percent, or $21.5 million, above the forecast for the first 11 months of fiscal year 2010.

Gov. Jim Gibbons said Nevada’s taxable sales reports are showing signs of improvement, with six successive months of positive or single-digit declines after more than a year of double-digit declines.

“This administration remains committed to addressing these challenges by streamlining operations, improving customer services and maximizing the use of taxpayer dollars,” he said.