NR# 52-P
Date: October 12, 2001
Customer & Taxpayer Service Division
Parrish Announces 2001 Taxable Sales -
Second Quarter
Claude Parrish, Chairman, State Board of Equalization
(BOE), announced today that preliminary statewide calculations
for second quarter 2001 taxable sales show a gain over the
actual figures for the second quarter 2000.
Mr. Parrish estimated that California businesses
completed approximately $111.7 billion in transactions subject
to the sales and use tax during the second quarter of year
2001-an increase of about 0.6 percent over the second quarter
2000 final total of $111.0 billion.
Recent taxable sales and their year-to-year
increases are shown below:
| |
1st Qtr. |
2nd Qtr. |
3rd Qtr. |
4th Qtr. |
| Taxable Sales (millions) |
|
|
|
|
| 1998 |
$ 81,160 |
$ 89,961 |
$ 91,374 |
$ 96,364 |
| 1999 |
87,200 |
98,056 |
100,450 |
109,029 |
| 2000 |
99,901 |
110,971 |
112,490 |
118,493 |
| 2001 |
102,357 (est.) |
111,667 (est.) |
|
|
|
|
|
|
|
| Year-to-Year Increase |
|
|
|
|
| 1998 |
5.3% |
5.9% |
5.5% |
4.2% |
| 1999 |
7.4 |
9.0 |
9.9 |
13.1 |
| 2000 |
14.6 |
13.2 |
12.0 |
8.7 |
| 2001 |
2.5 (est.) |
0.6 (est.) |
|
|
The growth in second quarter sales figures
is a much lower rate of growth than occurred during 2000.
Taxable sales growth reflects the slowdown in growth in
both the national and California economies.
It is important to note that these second
quarter 2001 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 three months.
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