Parrish Announces 2001 Taxable Sales - Second Quarter
Date: October 12, 2001
Customer & Taxpayer Service Division
Parrish Announces 2001 Taxable Sales -
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:
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.