September 26, 2013 - 2:16 pm
A big chunk of Nevada’s revenue base got off to a strong start in the first month of fiscal 2014.
Taxable sales, or levies on purchases of goods from the state’s business, rose to $3.77 billion in July up 6.2 percent from $3.55 billion a year earlier, the state Department of Taxation said Thursday. Sales in Clark County jumped to $2.67 billion a 5 percent gain compared with $2.54 billion in July 2012.
Among key local sales categories, dealers of cars and car parts enjoyed the biggest spike, with sales rising 22.9 percent year over year to $338.1 million. Merchant wholesalers of other big-ticket items, such as office equipment and appliances, grew their sales by 7.1 percent.
Home-related goods saw noticeable increases as well. Furniture retailers improved their sales 12.2 percent, to $47.4 million, while electronics and appliance stores posted a 10.1 percent rise, to $83.4 million. Sellers of building materials and garden equipment and supplies experienced a 10.2 percent improvement, with sales moving up to $96.8 million.
The biggest spending category, bars and restaurants, was relatively flat, improving 1.3 percent to $703.4 million. Sales among general merchandise retailers, such as department stores, ticked up 1.1 percent, to $228.4 million.
Gross revenue collections from sales and use taxes, which help fund prisons and schools, were up 5.82 percent year over year, to $293.91 million.
Twelve of Nevada’s 17 counties posted sales gains in July. Counties that saw declines were Esmeralda, Eureka, Lander, Lincoln and Pershing.