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First Nevada report on STAR bond district preformance

First Nevada report on STAR bond district preformance

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Published by Brian Duggan

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Published by: Brian Duggan on May 30, 2012
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05/30/2012

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TABLE 1
DEPARTMENT OF TAXATION'S TOURISM IMPROVEMENT DISTRICT REPORT UNDER A.B. 376 (2011)SALES TAX REVENUE STATISTICS FOR BUSINESSES OPERATING IN A TOURISM IMPROVEMENT DISTRICT (TID)IN WASHOE COUNTY CREATED UNDER NRS 271A (STAR BOND DISTRICT)
SEMI-ANNUAL REPORT FOR JULY 2011 THROUGH DECEMBER 2011
Jul-11Aug-11Sep-11Oct-11Nov-11Dec-11TOTAL
Total Sales Tax Revenue1,145,803$ 1,299,518$ 1,136,025$ 976,163$ 1,298,261$ 1,853,443$ 7,709,214$ Number of Businesses Reporting444948444548Total Sales Tax Revenue by Businesses Reporting aNumber for the Percentage of Sales to Non-residents607,104$ 620,757$ 578,056$ 528,334$ 650,396$ 1,057,557$ 4,042,205$ Number of Businesses Reporting a Number for thePercentage of Sales to Non-residents191919191919Number of Businesses Reporting Zero as thePercentage of Sales to Non-residents10101091010Number of Businesses Reporting a Positive Number asthe Percentage of Sales to Non-residents9991099Maximum Percentage of Sales to Non-residentsReported45.0%45.0%45.0%45.0%45.0%45.0%Minimum Non-zero Percentage of Sales to Non-residentsReported10.0%10.0%10.0%10.0%10.0%10.0%Average Percentage of Sales to Non-residents (Based onBusinesses Providing a Response)11.7%11.6%10.8%11.5%10.6%9.6%10.8%
2.) The information on percentage of sales to non-residents was compiled by the Department of Taxation from actual self-reported responses to a form sent to each businessin a Tourism Improvement District by the Department.
Sales Tax Revenue Statistics for All Businesses Operating in a TIDSales Tax Revenue Statistics Based on those Businesses Operating in a TIDthat Provided a Response on the Percentage of Sales to Non-residents
1.) The actual sales tax revenue number was computed by the Department of Taxation from the taxable sales reported on tax returns filed by businesses operating in the threeTourism Improvement Districts in Washoe County formed by the City of Reno and City of Sparks.

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