January 2024 Sales and Use Tax Report for City of Lamar Shows Gains Over Last Year
Barbara Crimond | Feb 14, 2024 | Comments 0
Sales Tax Revenue for the City of Lamar in December of 2023, collected in January of 2024, showed an increase of 6.06%. Revenue gain was $31,236.07 with 2024 collections of $546,952.24, compared to $515,716.17 in 2023. Use Tax collections were down 8.29% in January, from a high in 2023 of $41,025.71 to $37,626.33 in 2 024, for a difference of -$3399.38. Other Collections (Penalties & Interest, Licenses, A/R’s) were also down 5.50% from 2023’s high of $12,509.53 to $11,822.08 in 2024, a difference of -$687.45. Total Sales/Use Collections were $596,400.65 in 2024, up 4.77% from 2023’s $569,251.41, a difference of $27,149.24.
The various retail sales tax showed the large increases in Apparel/Department Stores, Convenience Stores & Gas Sales, and Manufacturing with decreases in Furniture/Appliances, Liquor Sales and Other Retail.
| 2022 | 2023 | 2024 | |
| Auto Parts/Vehicle Repair
|
$15,497.98 | $18,385.46 | $17,948.88 |
| Building Materials | $16,458.38 | $19,364.65 | $21,529.21
|
| Apparel – Department Stores
|
$136,507.51 | $153,258.22 | $201,580.92 |
| C-Stores & Gas Sales | $20,140.32 | $16,415.02 | $27,228.53
|
| All Business – Electricity | $47,396.80 | $33,812.81 |
$47,052.00
|
|
Furniture – Appliances – Electronics
|
$16,299.15 | $16,275.38 | $10,535.78 |
| Grocery Stores | $46,348.91 | $28,219.85 | $29,339.14
|
| Hotels – Motels | $10,162.35 | $10,325.82 |
$14,530.99
|
| Liquor Sales | $13.673.00 | $15,798.00 | $11,899.00
|
| Manufacturing | $3,578.24 | $4,311.48 |
$9,465.28
|
| Other Retail – All Other | $221,098.51 | $209,660.27 | $135,676.41
|
| Restaurants | $39,297.88 | $46,594.78 |
$47,414.25
|
Filed Under: City of Lamar • Consumer Issues • Economy • Featured
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