2016 Begins with Healthy City Sales Tax Report

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December 2015 Sales and Use Tax collected in January 2016 indicated a healthy shopping community with City Sales Tax up 6.07% and Total Sales and Use Tax collections up 16.51% from the latest report. City Sales Tax collections were up $19,417.70 at $339,221.23.  That’s compared to the 2015 collection figure of $319,803.53.

Year to Date figures reflect the same percentages and amounts for the first month of the year. However Total Sales and Use Tax Collections showed a gain of $58,037.67 over last year.  2015 collections were at $351,460.99 and 2016 outperformed that level with collections at $409,498.66.

Tax Collection figures were mixed for the twelve retail categories and compared for the past three years:

  2014 2015 2016
Auto Parts/Repair 12,211 13,605 11,214
Bldg Materials 9,285 6,829 8,601
Apparel/Dept Stores 122,727 110,088 114,015
C Stores/Gas 8,564 8,696 10,710
All Bs/Electricity 22,897 27,993 54,809
Furn/Appl/Elec 4,349 3,641 3,454
Groceries 22,782 8,540 7,625
Motels 10,207 6,141 9,266
Liquor 10,511 9,736 10,598
Manufacturing 781 989 1,703
Restaurants 28,208 25,716 25,404
Other Retail-All 102,717 118,151 119,089

Filed Under: BusinessChamber/Local BusinesscommunityEconomyFeaturedLamarTourismUtilities

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