City of Lamar July Sales and Use Tax July 2024
Barbara Crimond | Sep 18, 2024 | Comments 0
Sales and Use taxes for July of 2024, collected in August, show an overall increase of 7.29% from last year, a difference of $30,332.06. Year to date numbers increased as well, by 8.13%, or $282,022.65. Restaurant and liquor stores saw a decline from last year in July’s numbers, as did other retail and hotel/motels. Large increases for the month of July were in building materials, clothing and department stores, convenience stores/gas stations and grocery stores taxes.
July Sales and Use Tax Collected in August of 2024
| 2024 | 2023 | Difference 2023 to 2024 | % of Difference | |
| City Sales Tax Collected (3%) | $408,010.09 | $377,909.29 | $31,200.80 | 8.23% |
| Use Tax Collected | $35,142.49 | $37,185.93 | -$2,043.44 | -5.50%
|
| Other Collections (Penalties/interest | $2,532.85 | $1,258.15 | $1,274.70 | 101.32% |
| Total Sales/Use Tax Collections | $446,685.43 | $416,353.37 | $30,332.06 | 7.29% |
| Vendor’s Commission | $12,143.02 | $11,673.68 |
Year to Date Sales and Use Tax Collected January – August 2024
| 2024 | 2023 | Difference 2023 to 2024 | % of Difference | |
| City Sales Tax Collected (3%) | $3,441,424.17 | $3,150,313.41 | $291,110.76 | 9.24% |
| Use Tax Collected | $284,968.56 | $295,438.77 | -$10,470.21 | -3.54%
|
| Other Collections | $25,805.23 | $24,423.13 | $1,382.10 | 5.66%
|
| Total Sales/Use Tax Collections | $3,752,197.96 | $3,470,175.31 | $282,022.65 | 8.13% |
| Vendor’s Commission | $97,957.00 | $100,812.98 |
Sales/Use Tax Revenue Comparison by Category – January through August 2024
| 2022 | 2023 | 2024 | |
| Auto parts/vehicle repair | $122,210.65 | $148,719.53 | $153,711.61
|
| Building Materials | $151,613.68 | $145,347.89 | $151,519.48
|
| Clothing/Dept stores | $901,451.32 | $1,004,742.87 | $1,285,280.39 |
| C-stores/gas stations | $167,830.55 | $147,739.69 | $221,58.06
|
| All business/electricity | $195,767.85 | $189,761.37 | $283,921.00
|
| Furn/Appliances/elect. | $49,595.82 | $65,076.77 | $58,803.40
|
| Grocery stores | $220,958.15 | $208,480.60 | $219,435.41
|
| Hotels/motels | $112,828.32 | $109,174.58 | $130,830.64
|
| Liquor stores/bars | $82,448.00 | $87,954.00 | $84,019.00
|
| Manufacturing | $5,923.60 | $7,745.24 | $11,145.93
|
| Other retail/all other | $749,192.78 | $754,322.60 | $469,370.43
|
|
Restaurants |
$309,968.05 | $348,015.66 | $375,073.66 |
By Barbara Crimond
Filed Under: City of Lamar • Consumer Issues • Economy • Featured
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