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CARSON CITY, Nev. (AP) — The amount of taxable sales in Nevada rose 2.2 percent in August compared with the same month a year ago, although state revenue collected from it is less than expected.
The Nevada Department of Taxation reported Wednesday that there were $4.1 billion in taxable sales in Nevada in August. More than $326 million in taxes was collected off those sales, and about $82 million of that went to the state general fund.
The general fund sales tax collections in the first two months of the fiscal year are about 2 percent lower than economists predicted when they made their forecast at the Economic Forum in May.
Taxes collected on cigarettes, liquor and live entertainment are also falling below expectations.
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