by Kurt Hildebrand
khildebrand@recordcourier.com

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November 25, 2013
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September sees four percent gain in sales tax

Douglas County merchants saw a 4.5 percent gain in taxable sales during September, according to information released by the Nevada Department of Taxation on Monday.

According to the department, Douglas saw $56.9 million during the month, up from $54.5 million during September 2012.

September also marked the end of the first quarter of the fiscal year with the county up 1.8 percent to $165.2 million.

The county’s largest sector, food services and drinking places, was down 3.1 percent to $12.3 million.

The county’s second largest sector, general merchandise stores, more than made up for that decrease, bringing in $7.58 million in sales, an 18 percent increase over September 2012.

Miscellaneous manufacturing shot up by 518 percent during the month to bring in $5.52 million during September, making it the county’s third largest category. Generally, an unusually large increase is an indication of a large order. The state does not reveal individual information about the 63 participants in the category.

Building materials and garden equipment and supplies also enjoyed an increase over last year, bringing in $4.5 million, 8.6 percent more than last year.

September saw permits issued for 10 homes, according to the Douglas County website.

Food and beverage stores also saw an increase of 6 percent to $3.2 million. The top five categories account for more than 60 percent of the county’s taxable sales income.

Gross revenue collections from sales and use taxes amounted to $318,641,157 statewide for September 2013, which represents an 8.79 percent increase compared to September 2012. The general fund portion of the sales and use taxes collected amounted to $77,635,101, which represents a 4.74 percent increase compared to September 2012.

Compared to the May 2013 Economic Forum projections, adjusted for actions approved by the 2013 Legislature, and based on department analysis, the General Fund portion of the sales and use taxes is approximately 2.98 percent or $7.2 million below their forecast for fiscal year 2014 through the September period, according to the state.


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The Record Courier Updated Nov 27, 2013 04:06PM Published Nov 25, 2013 01:14PM Copyright 2013 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.