This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Taxable Sales In Nevada Up 3 Percent In December

Other counties posting declines were Churchill, Elko, Humboldt, Lander, Lincoln, Lyon, Pershing and White Pine. Most of those are rural counties in Nevada's mining regions, where the purchase of mammoth equipment often skews results in the monthly sales tax report.

Statewide, sales at bars and restaurants rose 5.4 percent in December, and accommodations saw a 38.2 percent increase. Both of those categories are key indicators on the health of Nevada's vital tourism industry.

Sales of vehicles and parts rose 10 percent, while clothing and accessories sales climbed nearly 6 percent. Telecommunications rose 38 percent and sales at food and beverage stores were up 7.3 percent. Nevada's battered construction industry as a whole saw a nearly 25 percent gain in sales activity, and sales registered by specialty trade contractors shot up 60 percent.

Besides sales and use taxes, the taxation department said $99.6 million was collected for the state's Modified Business Tax, a payroll tax paid quarterly that is based on employee wages. The taxation department's report said those taxes for the first two quarters is up 0.15 percent, or about $286,000 above projections.

Excise taxes â¿¿ a combination of levies imposed for liquor, tobacco, live entertainment and other minor revenue streams â¿¿ totaled nearly 109 million for December, an increase of 6.5 percent.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,634.20 +19.39 0.12%
S&P 500 1,942.77 +1.49 0.08%
NASDAQ 4,421.6630 +2.1850 0.05%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs