Taxable Sales Are Up

Posted on by & filed under Nevada by the Numbers Blog.

Taxable sales jumped across Nevada in March as spending rose among restaurants and car dealers, as reported by Jennifer Robison at the Las Vegas Review-Journal:

The state Department of Taxation reported Thursday that statewide sales of tangible goods totaled $4.43 billion in the month, up 7.9 percent compared with March 2013.

Spending in Clark County spiked 12.1 percent, to $3.34 billion.

Gross revenue collections from sales and use taxes, which help fund prisons and schools, came in at $344.7 million, up 7.6 percent from a year earlier.

However, Robison’s story notes that the General Fund portion of sales and use taxes fell $9.4 million, or 1.3 percent, below the forecasts of the Economic Forum.