Las Vegas Sun

September 5, 2015

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Nevada taxable sales up 7.1 percent in November

CARSON CITY — Taxable sales in Nevada, one indicator of the state’s economy, increased 7.1 percent in November, the 29th consecutive month of gains.

The Nevada Taxation Department reported today that 10 of the 17 counties had higher sales in November compared to the same month in 2011.

Clark County sales rose by 5.2 percent, spurred by sales of building materials and autos.

Statewide sales reached $3.6 billion, up from $3.3 billion of a year ago. Major gains were recorded in the construction industry, up 52.3 percent, and auto sales, up 16.1 percent.

On the down side, the state’s portion of the sales and use tax is $6.2 million, or 1.6 percent, lower than the forecast of the Economic Forum for the first five months of this fiscal year.

The group estimates tax revenue for the Legislature to set its budget.

Taxable sales in Clark County rose from $2.4 billion in November 2011 to $2.6 billion in November 2012. It was the 19th straight month of an increase in Clark County.

The biggest increase in taxable sales was recorded in Humboldt County, up 123.9 percent. The largest decline was in Lincoln County, down 62.1 percent.

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