Taxable Sales Rise In May
RENO, Nev. (AP) — Nevada’s taxable sales rose 8 percent in May compared to the same month a year ago, but sales and use tax collections are lagging behind projections for the current fiscal year by about one-half of a percent.
The state Department of Taxation says 11 of Nevada’s 17 counties saw taxable sales decline in May. But the two largest offset that with double-digit increases — 12.7 percent in Clark County and 11.7 percent in Washoe County.
Taxable sales totaled $3.2 billion in Clark County in May and nearly $560 million in Washoe County.
General Merchandise stores led the way with a statewide increase of 37.8 percent. The construction industry fell 23 percent.
Sales and use taxes are down $4.3 million, or .5 percent, from what the Economic Forum projected from July 2013 through May.