August 2024 Sales and Use Tax for Lamar – collected in September
Barbara Crimond | Oct 21, 2024 | Comments 0
August Sales and Use Tax Collected in September 2024
| 2024 | 2023 | Difference from 2023 to 2024 | % of Difference | |
| City Sales Tax Collected (3%) | $395,792.07 | $388,449.82 | $7,342.25 | 1.89% |
| Use Tax Collected
|
$45,059.43 | $41,345.09 | $3,714.34 | 8.98% |
| Other Collections Penalties/interest etc | -$188.12 | $283.00 | -$471.112 | -166.47% |
| Total Sales/Use Tax Collections | $440,663.38 | $430,077.91 | $10,585.47 | 2.46% |
| Vendor’s Commission | $12,056.51 | $12,086.36 |
Year to Date Sales and Use Tax Collected January – September 2024
| 2024 | 2023 | Difference 2023 to 2024 | % of Difference | |
| City Sales Tax Collected (3% | $3,937,216.24 | $3,538,763.23 | $298,453.01 | 8.43% |
| Use Tax Collected
|
$330,027.99 | $336,783.86 | -$6,755.87 | -2.01 |
| Other Collections
Penalties/Interest etc |
$25,617.11 | $24,706.13
|
$910.98 | 3.69%
|
| Total Sales/Use Tax Collections | $4,192,861.34 | $3,900,253.22 | $292,608.12 | 7.50% |
| Vendor’s Commission | $110,013.51 | $112,899.34 |
Sales and Use Tax Revenue Comparison by Category – Collected September 2024
| 2022 | 2023 | 2024 | |
| Auto parts/repair | $18,069.00 | $20,754.50 | $18,481.69 |
| Building materials | $20,952.43 | $14,052.45 | $13,182.52 |
| Clothing/shoes etc | $116,990.54 | $130,782.29 | $159,048.86 |
| Gas/Convenience stores | $21,206.41 | $33,328.41 | $29,495.01 |
| All business/electricity | $28,611.77 | $31,386.42 | $38,862.02 |
| Furniture/appliances | $3,576.36 | $4,417.99 | $5,161.67 |
| Grocery stores | $25,270.67 | $29,446.32 | $23,679.06 |
| Hotels/motels | $17,003.92 | $19,271.06 | $17,689.20 |
| Liquor stores/bars | $9,691.00 | $9,635.00 | $9,167.00 |
| Manufacturing | $101.39 | $727.79 | $13.88 |
| Other retail/all other | $67,796.40 | $61,084.68 | $43,123.30 |
| Restaurants | $41,386.81 | $44,313.55 | $49,417.17 |
YTD Sales and Use Tax Revenue by Category – January through September 2024
| 2022 | 2023 | 2024 | |
| Auto parts/repair | $140,279.65 | $169,474.03 | $172,193.30 |
| Building materials | $172,566.21 | $159,400.34 | $164,702.00 |
| Clothing/shoes etc | $992,943.81 | $1,112,329.40 | $1,411,593.21 |
| Gas/Convenience stores | $189,036.96 | $181,068.10 | $251,033.07 |
| All business/electricity | $224,379.62 | $221,147.79 | $322,909.74 |
| Furniture/appliances | $53,172.18 | $69,494.76 | $63,965.07 |
| Grocery stores | $246,228.82 | $237,926.92 | $243,114.46 |
| Hotels/motels | $129,932.24 | $128,445.64 | $148,519.84 |
| Liquor stores/bars | $92,139.00 | $97,589.00 | $93,186.00 |
| Manufacturing | $6,024.99 | $8,473.03 | $11,159.81 |
| Other retail/all other | $839,599.62 | $845,890.02 | $549,407.98 |
| Restaurants | $351,354.86 | $392,329.21 | $424,490.83 |
Filed Under: City of Lamar • Consumer Issues • Featured
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