Taxable sales exceed $5 billion for June in Nevada
September 2, 2017
Taxable sales in Nevada passed the $5.1 billion mark in June.
That’s a 4.9 percent increase over June 2016 and finishes the fiscal year up 7.1 percent over the previous 12-month cycle.
Total statewide taxable sales were $56.5 billion in fiscal 2017.
Carson City did even better, recording a 5.1 percent increase in June to $97.3 million and a 9.7 percent gain over the fiscal year to a hair more than $1 billion total taxable sales.
But the champ for the year was tiny Storey County, where booming business at the Tahoe Reno Industrial Center fed a 466 percent increase in June and finished the year 568.5 percent up compared to fiscal 2016. Storey recorded $1.6 billion in taxable sales during the year from the huge investments by Tesla, Panasonic, Google, Walmart, Switch and Pet Smart among others.
In Carson City, the auto sales that normally drive gains were up but only by 2.3 percent to $26.1 million.