Taxable sales move up in Nevada, Clark County
Taxable sales edged up statewide and in Clark County in March, the state Department of Taxation reported Tuesday.
Nevada businesses sold $4.55 billion in tangible goods in the month, up 2.6 percent from $4.43 billion in March 2014.
Taxable sales totaled $3.41 billion in Clark County, a 2 percent gain compared with $3.34 billion in the same period a year ago.
Local increases were widespread across many sectors, though the biggest spending category — bars and restaurants — saw spending dip 1.4 percent year over year, to $866.9 million.
Dealers of cars and car parts sold $388.7 million in goods, up 8.9 percent. Electronics and appliance stores posted a 15.4 percent sales spike, to $101.2 million. Retailers of building materials and garden equipment and supplies closed on $125.7 million in sales, up 15.3 percent. Sales of clothing and accessories were mostly flat, growing 1.8 percent to $298 million.
Gross revenue collections from sales and use taxes, which help fund schools and prisons, were $358.5 million in March, up 4 percent year over year.
But the General Fund’s share of sales and use taxes was 0.8 percent, or $6 million, below expectations of the Economic Forum, a nonpartisan group that forecasts revenue for state budgets.
Contact Jennifer Robison at jrobison@reviewjournal.com. Find @J_Robison1 on Twitter.
