Nevada Economy: February Sales Tax Stats

Nevada merchants sold $28.1 billion in goods in the first eight months of fiscal 2005, for a 14.3 percent increase. State tax revenues based on the sales are now $27 million ahead of projections, according to a report from the Nevada Department of Taxation. Statewide, sales tax receipts rose 10.9 percent in February to $3.2 billion, according to the same report. Nevada Gov. Kenny Guinn expressed similar optimism. “With the release of the February sales tax statistics, Nevada once again continues to make positive gains in its economy,” Guinn said in a statement. “These latest figures affirm Nevada’s economic stability, strong consumer confidence and our attractive business climate.” MS Las Vegas Real Estate has been highlighting the strength of the Southern Nevada economy in this blog for most of the last year. The tremendously positive effect this has on the market for Las Vegas homes is truly hard to overstate.

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