Nevada sales up 6.1 percent in October

Nevada taxable sales up 6.1 percent in October compared with 2012

Associated Press

CARSON CITY, Nev. (AP) -- Taxable sales in Nevada climbed 6.1 percent in October over the same month last year, with most major sectors reporting gains, the state reported Tuesday.

Nevada merchants in October sold $3.8 billion in goods, on which the state collected gross sales and use taxes of $297.8 million. The tax revenues were up 3.5 percent compared with October 2012.

In Clark County, the state's population and tourism center, sales totaled $2.9 billion, representing an 8.3 percent gain over the same month last year. Washoe County in northern Nevada had total sales of $507.9 million, up 9.2 percent.

Ten of Nevada's 17 counties reported increased sales activity, with Churchill, Elko, Esmeralda, Humboldt, Lander, Lincoln and Mineral counties being the exception.

Statewide, sales of vehicles and parts rose 7 percent. Sales of homes furnishings were up 8.6 percent, while general merchandise stores reported a nearly 3 percent gain.

Accommodations, a key indicator on the vitality of Nevada's tourism market, shot up 25 percent while sales at bars and restaurants, another indicator, rose 2.5 percent.

Hefty gains were posted by the miscellaneous manufacturing industry, up 298 percent, and professional, scientific and technical services, up 48 percent.

One negative was the construction industry, which registered a 2.8 percent decline in sales activity.

Of the gross tax collections, the portion that feeds the state general fund totaled $75.2 million for the month.

For the fiscal year that began July 1, general fund sales tax collections are roughly $8.7 million, or 2.7 percent, below projections made in May by the Economic Forum, an independent panel tasked with forecasting state revenues on which Nevada's two-year budget it based.

The state also collected $28.8 million in excise taxes in October from levies imposed on tobacco, alcohol and live entertainment. Those taxes combined were up 1.5 percent from the same month last year.