Wednesday, November 23, 2011

NV Taxable Sales Jump Again



Nevada taxable sales jumped 10.4% in September YOY, as all but three counties had an increase from the previous year--Washoe, Nye, and Lincoln. Clark County had a 10.5% YOY increase, as clothing stores and food services leaped 19.6% and 17.3% respectively.

Although Nevada's September taxable sales are impressive, pre-recession highs tower above recent levels; however, Nevada taxable sales have improved significantly from the 2009 low. We expect improvement in taxable sales in the Silver State to continue in the coming years.