Posts Tagged ‘Nevada taxable sales’

Statewide Taxable Sales Up Modest 3.8% In December But Near Double-Digits In Las Vegas

By Nevada News Bureau Staff | 6:46 pm February 27th, 2012

CARSON CITY – Nevada’s taxable sales rose 3.8 percent in December 2011 over December 2010, a modest rise that was outpaced in Clark County which saw a 9.5 percent gain in the important indicator of consumer health.

A major decline in taxable sales in Elko County in December was largely responsible for the overall smaller statewide increase.

Statewide taxable sales totaled $4.2 billion in December, with the biggest increases coming in bars and restaurants, up 8.8 percent; clothing and accessory stores, up 12.9 percent; motor vehicle dealers, up 15.3 percent; and merchant wholesalers-durable goods, up 14.2 percent.

Bar and restaurant sales were up 8.8% in December, 2011. / Photo: Anna Frodesiak courtesy of Wikimedia Commons.

The December numbers, released by the Nevada Department of Taxation, follow a November taxable sales report that showed a 9.6 percent gain.

Clark County reported taxable sales of just under $3 billion, up from $2.7 billion in December, 2010. Washoe County also had strong results, up 6.1 percent in December 2011 over December 2010.

The overall taxable sales numbers would have been higher except for a big decline in taxable sales in Elko County. Elko taxable sales were down by more than 50 percent in December to $142.5 million compared to $295.6 million in December 2010.

If Elko County taxable sales had remained flat in December 2011 over December 2010, statewide taxable sales would have been up over 7 percent.

Brody Leiser, spokesman for the Department of Taxation, said today that a major pipeline project being built across northern Nevada was the main factor in the Elko drop off in December of 2011. The project had seen major purchases in December 2010 that were not duplicated this past December, he said.

Nevada Taxable Sales Show Gains In August

By Nevada News Bureau Staff | 10:31 am October 26th, 2011

CARSON CITY – Nevada’s economy continued to show some signs of improvement in August, with taxable sales rising by 5.7 percent over August 2010, a report released today shows.

The report from the Nevada Department of Taxation also shows a 5.2 percent increase in taxable sales in the first two months of fiscal year 2012 that began July 1.

Clark County posted a 3.5 percent increase, while Washoe County showed a 2.1 percent gain.

Major categories showing increases in August included motor vehicle and parts dealers, up 11.4 percent; food and beverage stores, up 4.1 percent; furniture and home furnishings, up 9.4 percent, and bars and restaurants, up 5.7 percent.

But the construction industry continued to lag in the report, showing a 5 percent decline in taxable sales compared to August 2010. General merchandise stores were also down, by 0.6 percent.

Purse shopping. / Photo: Ben Schumin via Wikimedia Commons.

Fifteen of 17 Nevada counties reported an increase in taxable sales in August. Only Lincoln and Lyon counties reported year-over-year declines.

The state general fund share of the taxes generated from taxable sales is about $1.5 million above the forecast for the first two months of the fiscal year.