California taxable sales rise in 2nd quarters of 2010 and 2011
This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.
Taxable sales in California rose by an estimated 9% in this year’s second quarter, based on a preliminary review of cash receipts, the state’s tax collection agency reported.
‘This latest taxable sales report shows that our state began moving toward recovery in early 2010 and continues to show positive signs in early 2011,’ Jerome E. Horton, chairman of the California Board of Equalization, said Friday. ‘I remain optimistic that California’s economy will continue moving forward.’
Horton released the estimate together with final numbers for the same second-quarter period in 2010. Those sales rose by $5.2 billion, or 4.6%, over the same period in the prior year when the state was stuck in a deep recession.
Some of the strongest growth in 2010 occurred in Los Angeles County, where sales were up 3.6% in the second quarter of 2010. They increased by 3.8% in the city of Los Angeles and 16.1% in Long Beach.
By category, the biggest rise in sales was for gasoline, 15.5%, mainly because of jumps in pump prices, the board said. Motor vehicles and parts were up by 19.4%. Electronic and appliance store sales rose by 7.9%.
Compiling the detailed report for 2010, which includes breakdowns for location and category of sales goods, is a complex task that takes almost a year to complete, said Anita Gore, a spokeswoman for the board.
Related:
Retailers report solid gains for August
Wal-Mart online sellers skirt taxes
US auto sales power ahead in August despite turmoil
-- Marc Lifsher
Photo: Pedestrians pass a Ross Dress for Less store in San Francisco. Credit: Noah Berger / Bloomberg
