Analysis of Statewide Taxable Sales & Sales Tax – August 2012

North Carolina Department of Revenue publishes summary reports of gross taxable sales and sales tax collections on a monthly basis. You can download the latest report (August 2012) by visiting this page on their website.

Analysis of recent history of statistics presents the following comparative observations:

Gross Taxable Sales

  • Total statewide taxable sales for August 2012 ($8.693 Billion) were 0.5% greater than August 2011. The 6.9% decline compared to July 2012 ($9.339 Billion) reflects annual trends with respect to month-to-month behavior in sales.
  • The 3-month rolling average for statewide taxable sales for August 2012 ($8.903 Billion) is 3.1% higher than August 2011 and 0.9% higher than July 2012.
  • Comparing 3-month rolling averages, 42 of 100 counties in North Carolina experienced greater gross taxable sales for August 2012, compared to the previous month; and 57 of 100 counties experienced greater gross taxable sales for August 2012 compared to one year ago.
  • 25 of 100 counties experienced 3-month rolling average increases of greater than 5% in August 2012 compared to one year ago.

Sales Tax Collections

  • Actual total sales tax collections for August 2012 ($499.3 Million) were 0.3% more than August 2011. Statistics reflect a significant decline between the 3-month rolling averages (-8.9%) resulting from the inclusion of June 2011 collections in the August 2011 average. June 2011 was the final month of the temporary 1% statewide sales tax increase, and has no impact on the local share of sales tax revenues.
  • Actual sales tax collections for August 2012 were greater in 22 of 100 counties compared to July 2012. When comparing 3-month rolling averages, August 2012 collections were higher in 42 counties compared to the previous month.
  • Actual sales taxes from foreign taxable sales increased 1% in August 2012, compared to July 2012. This category reflects 6.7% of taxable sales and 5.5% of taxes collected.
  • Actual additional sales taxes from utility services, cable and satellite services, and liquor sales for August 2012 were 7.7% higher than July 2012, and 3.2% higher than August 2011. These revenue sources, which are shared with local governments, reflected 16.2% of total sales tax collections.
  • Actual sales tax collections increased more than 5% in 12 of 100 counties for August 2012 compared to July 2012.

Analysis Downloads

NC Taxable Sales & Sales Tax Collections Analysis – August 2012 (Excel)

NC Taxable Sales & Sales Tax Collections Analysis – August 2012 (PDF of Tables & Charts)

 

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