North Platte’s “festival month” was a big month for Lincoln County’s lodging tax, which narrowly missed the $200,000 net revenue mark in June.
The 4% hotel and motel tax generated $199,268 in revenue during this year’s consecutive Miss Nebraska, Miss Rodeo Nebraska and Nebraskaland Days pageants for future tourism development in the city and county.
According to the Nebraska Department of Revenue’s latest monthly report, North Platte’s 2% combined municipal sales tax hit its 14th consecutive monthly record in June, with net sales of $1.433 million.
The county’s hotels and motels generated a total of $202,302 in lodging taxes in June before the state deducted its statutory 3% administrative fee. Both lodging and local sales taxes are repaid approximately six weeks after the end of the month.
Although the net hotel and motel tax total in June was less than $200,000, it was still 15.1% higher than the record $173,191 set in 2023 at the opening of the traditional summer season in June, July and August.
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According to the IRS, North Platte’s sales tax revenue rose 7.6 percent from last year’s record of $1.331 million, but remained below the record of $1.476 million in May since 2006.
The current 2% tax includes 0.5% for city recreational improvements approved by voters in 2022. Net proceeds from the permanent 1.5% sales tax were just over $1.07 million.
After June’s sales tax revenue, North Platte’s total for 2023-24 is just over $14.86 million. Only the July numbers remain to be finalized before the fiscal year ends on Sept. 30.
