Beverly Hills 12/2/2009 5:46:12 AM
News / Business

Nevada Taxable Sales Fall Almost 18 Percent in September

Finance World News Update by EQUITIES Magazine

Taxable sales in Nevada fell 17.7 percent in September, reported the Nevada Department of Taxation today.

 

This marks the eleventh straight month of double-digit declines. Merchants reported sales of nearly $3.2 billion in September, a drop of 20.3 percent compared with the same period one year ago.

 

For the quarter, the Modified Business Tax was $95.7 million, $74 million greater than last year for a 29 percent increase. Still, business license fees fell 28 percent to $3.8 million.

 

Combined, sales and business tax collections dropped $15.9 million, or 4.4 percent.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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