NR# 50-A
Date: September 13, 2000
Customer and Taxpayer Services Division
Andal Announces 2000 Taxable Sales - Second Quarter
Dean Andal, Chairman, State Board of Equalization (BOE) announced
today that preliminary statewide calculations for the second
quarter of 2000 taxable sales show a substantial gain over
the actual figures for the same quarter a year ago. California
businesses are estimated to have completed approximately $109.8
billion in transactions subject to the sales and use tax during
the second quarter of year 2000, an increase of about 11.9
percent over the second quarter 1999 final total of $98.1
billion. Recent taxable sales and their year-to-year increases
are shown below:
|
|
1st Qtr.
|
2st Qtr.
|
3st Qtr.
|
4th Qtr.
|
Taxable Sales (millions)
|
|
|
1997
|
77,085
|
84,956
|
86,574
|
92,476
|
|
1998
|
81,160
|
89,961
|
91,374
|
96,364
|
|
1999
|
87,200
|
98,056
|
100,450
|
109,029
|
|
2000
|
98,900 (est.)
|
109,758 (est.)
|
|
|
Year-to-Year Increase
|
1997
|
5.1
|
5.2
|
7.1
|
7.8
|
|
1998
|
5.3
|
5.9
|
5.5
|
4.2
|
|
1999
|
7.4
|
9.0
|
9.9
|
13.1
|
|
2000
|
13.4 (est.)%
|
11.9
|
|
|
The growth in second quarter sales figures marked the third
consecutive quarter of double-digit growth. Taxable sales
growth continues to reflect the strong growth in both the
national and California economies.
It is important to note that these second quarter 2000 figures
are preliminary, based on raw sales tax receipts tabulated
before adjustments for any late tax returns. Figures for cities
and counties will not be available for another two months.
###
