Douglas taxable sales inch up in October
December 31, 2012
Taxable sales in Douglas County rose marginally in the month of October, according to data released last week by the Nevada Department of Taxation.
Area merchants raked in $45.2 million, up .4 percent from $45.1 million in the same month last year.
Sales throughout the fiscal year, however, remain strong at $207.5 million to date, versus $196.2 million in the same time period last year – a 5.7 percent increase.
In October, wholesalers of durable goods saw sales climb 32.6 percent year-over-year, from $2.7 million to $3.6 million, while wholesalers of nondurable goods saw a rise of 4.6 percent, from $658,167 to $688,541. Both categories are up for the fiscal year, 21 percent and 5 percent, respectively.
Douglas motor vehicle and parts dealers saw nice growth in the month, from $1.8 million in sales to $2.3 million, an increase of 27.3 percent. But October was the last full month Michael Hohl was selling cars in Minden. The company closed up shop in mid-November, leaving Carson Valley without a traditional car dealer.
General merchandise stores were down 4.4 percent in October, from $6.6 million to $6.3 million, and electronic and appliance stores were down 15 percent, from $2 million to $1.7 million.
Other retail categories, though, compensated for the loss. Furniture and decor stores were up 17.3 percent, food and beverage stores were up 17.1 percent, and clothing and accessory stores were up 7.3 percent.
Telecommunications produced a considerable increase in sales, from $542,864 the year before to $906,483 – a 67 percent jump.
Food services and drinking places, the largest generator of revenue in the county, saw a modest 1.8 percent increase, rising from $9.1 million in October 2011 to $9.3 million this year. In the fiscal year to date, the category is up 4.8 percent.
Statewide, October taxable sales of $3.67 billion represents a 4.3 percent increase over October 2011, and a 5.2 percent increase for the fiscal year.
The largest increases in statewide taxable sales were realized by motor vehicle and parts dealers, up 16.8 percent; wholesalers of durable goods, up 22.2 percent; clothing and accessory stores, up 12.6 percent; building material and garden equipment and supplies, up 10.7 percent; and specialty trade contractors, up 24.5 percent.
Eleven of Nevada’s 17 counties recorded an increase in taxable sales for the month: Churchill, Esmeralda, Pershing, Storey, Washoe and White Pine counties recorded a decrease.
Gross revenue collections from sales and use taxes amounted to $287.7 million for October, which represents a 6.52 percent increase compared to October 2011 and a 5.95 percent increase for the first four months of fiscal year 2013.
The general fund portion of the sales and use taxes amounted to $73 million, which represents a 6.49 percent increase compared to October 2011.
Compared to the November 2012 Economic Forum projections and based on the department’s analysis, the general fund portion of the sales and use taxes is approximately 2.46 percent, or $7.3 million, below the forecast for fiscal year 2013 through the October period.