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Nevada taxable sales rose 15 percent in March

Nevada’s taxable sales increased 15 percent from March 2016 to March 2017, the Nevada Department of Taxation reported.

Taxable sales in March 2017 totaled $5.39 billion. Some of the largest increases were in merchant wholesalers of durable goods with a 68.2 percent increase from March 2016; professional, scientific and technical services, which increased 133.2 percent; and utilities, which rose 340.7 percent.

Motor vehicle and parts dealers rose 12 percent to $639 million. Food services and drinking places rose to $1.15 billion in March 2017, a 9.3 percent increase from March 2016.

The report, released Tuesday, said only three of Nevada’s 17 counties reported a decrease in taxable sales in March: Humboldt, Lincoln and Mineral. Clark County taxable sales came in at $3.85 billion, up 9.8 percent from $3.5 billion in March 2016.

The state’s gross revenue collections from sales and use taxes totaled $409 million, a 10.52 percent increase from March 2016. This money helps fund schools and prisons.

The general fund portion of sales and use taxes increased by 14.01 percent, amounting to $106 million. That number is $4.1 million above the forecast from the Economic Forum, a nonpartisan group that forecasts state budget revenues.

Contact Bailey Schulz at bschulz@reviewjournal.com or 702-383-0256. Follow @bailey_schulz on Twitter.

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