Third quarter 2014 taxable sales increase 7.3 percent

The state’s taxable retail sales increased to $33.25 billion for the third quarter of 2014 (July through September), up by 7.3 percent over the same period in 2013. Retail trade, a subset of total taxable retail sales, rose 5.5 percent to $14.58 billion.

February 16, 2015 12:56 pm

The following is a release from the Washington State Department of Revenue:

The state’s taxable retail sales increased to $33.25 billion for the third quarter of 2014 (July through September), up by 7.3 percent over the same period in 2013. Retail trade, a subset of total taxable retail sales, rose 5.5 percent to $14.58 billion.

The results come from the Washington State Department of Revenue’s quarterly report of taxable retail sales by industry. The report compares the third quarter of 2014 to 2013, which equalizes any seasonal effects of consumer purchasing habits.

This is the first quarter that sales of marijuana authorized by Initiative 502 are included in taxable retail sales. For more information on recreational marijuana retail sales and business and occupation tax collections, visit our website:http://dor.wa.gov/Content/AboutUs/StatisticsAndReports/stats_RMJTaxes.aspx