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Nevada taxable sales falling double-digit% monthly
Sales in Nevada have fallen over 18% in the past month alone. Sales fell 18% percent in November, marking the 13th straight month of double-digit declines.
A report issued on Tuesday by the state Department of Taxation says merchants sold $3.2 billion in goods during the month. For the first quarter of the fiscal year that began July 1, sales are down 20%. About $38 million in taxable sales were reported under an amnesty program in September 2008. Excluding that adjustment, September 2009 sales would have decreased 17%. Gross revenues collections from sales and use taxes totaled $247.7 million, representing a 13% percent decline from the same month last year and a 15% percent decrease for the fiscal year. At this rate, perhaps Nevada merchants will pay Arizonans to come and take their merchandise and services.  Follow us on Call or email us today and let GSX help your business to grow. Email: Click Here Phone: (928) 768-1400
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