Wednesday, February 23, 2011

Nevada Taxable Sales Leap 11.2% in December

Taxable sales leaped in Nevada by 11.2% in December YOY! Taxation Deputy Executive Director Brody Leiser says that a large portion of the increase can be attributed to the Ruby Pipeline project which is being developed and passes through Washoe, Humboldt, and Elko counties. (See map here)

According to the official Ruby Pipeline web-site, "The project represents an approximate $3 billion dollar investment in new pipeline infrastructure that will connect clean-burning and competitively priced natural gas reserves in the Rocky Mountain region with growing markets in the western United States".

Clark County taxable sales increased by $28.9 million in December from the year before representing a 2.8% YOY increase.

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