Iowa taxable sales up 5.6 percent in first quarter
Iowa’s taxable retail sales were up 5.6 percent in the first quarter of 2015 compared with the first quarter of 2014, according to a report released Tuesday by the Iowa Department of Revenue. Taxable sales for the quarter were $8.3 billion, with a total computed tax of $496.2 million. Polk County businesses accounted for 21 percent of the state’s total taxable revenue for the quarter, with taxable sales of $1.75 billion. Statewide, other than the “miscellaneous” category, which had the largest percentage gain in sales at 11 percent, the three categories with the largest percentage increase compared with the year-ago quarter were building materials, eating and drinking establishments, and wholesale. Only one category, home furnishings, had a decrease in sales compared with first-quarter 2014.