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Nevada Reports 92nd Monthly Increase In Taxable Sales

CARSON CITY, Nev. (AP) — Nevada is reporting a monthly increase in taxable sales in February, for the 92nd consecutive month.

 

The Nevada Department of Taxation reported Wednesday that the $4.35 billion taxable sales figure for the month represented a 3.2 percent increase over February 2017.

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State economist Bill Anderson says there has been a steady increase since the low point during the Great Recession, and taxable sales are now up almost 60 percent since mid-2010.

 

Statewide, taxable sales are up 4.2 percent for the first eight months of this fiscal year compared with the same period last year.

 

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The report says the state has collected more than $88 million in sales taxes this fiscal year, compared with just under $83 million a year ago.

 

The biggest gains have been in professional, science and technology services and building materials sales.