RENO TAX REVOLT
For Immediate Release
July 10, 2017
For more information contact;
800 554 9519
Subj: WC1 Sales Tax harms Washoe! Auto Sales Plummet
Recent sales tax stats from the Nevada Department of Taxation paint a stunning picture on Washoe’s sales tax and the effect of the WC1 sales tax affecting overall City and County lost revenues.
While overall Nevada sales tax rose 4.6% statewide it was down 3.8% in Washoe (April 30 to June 26, 2017). Taxpayers voted with their wallets and Washoe revenue fell dramatically costing us millions in lost taxes!
If my math is right, that ballparks into about $40 to $50 million yearly in lost tax income for Washoe!
Auto Sales and Parts (Cat 441) up almost 20% in Carson and soared 47.6% in Lyon! Meanwhile Car Dealer Taxes in Washoe County plunged 8.6%! Source: NV Dept of Taxation Combined Sales & Use Statistical Report
It is hard to find any other reason other than the WC1 aftermath*. Various out of County dealers emphasize the tax savings in their county. For example Lyon County is 7.1% vs 8.265 in Washoe. A big difference!
* noun 1.the consequences or aftereffects of a significant unpleasant event.
The sales tax drop is in spite of Washoe’s booming population growth (about 6% yearly). Gas tax in Washoe only just went up about 2 cents July first, making it 40 to 50 cents higher than Fernley or Carson.
So population in Washoe booming but and one would expect a 6+% sales revenue increase but we got a 3.8% decrease equating to millions in loss revenue… and the media is silent!