Listen Online - Listen on Mobile Radio.com | Mobile App Info

Taxable Sales Up 10.4 Percent In May

CARSON CITY, Nev. (AP) — Taxable sales in Nevada shot up 10.4 percent in May over the same month a year ago, with sales of vehicles and durable goods posting double-digit gains.

May marks the 23rd consecutive month of increased sales in a state hard hit by the Great Recession.

The report released Friday by the state Department of Taxation shows merchants sold $3.7 billion in goods during the month on which the state collected nearly $289 million in gross sales and use taxes. Revenue collections were up nearly 9 percent over May 2011 and 6.5 percent for 11 months of the fiscal year.

Around the state, sales in Clark County rose 10 percent in May, while Washoe County saw an increase of nearly 5 percent.

Fifteen of Nevada’s 17 counties reported increased sales.

© Copyright 2012 The Associated Press. All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.
Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Las Vegas

Get Started
Introducing Your New Podcast Network Play.it

Listen Live