As the holidays approach, the New York State Department of Taxation and Finance wants to remind shoppers and retailers that clothing and footwear items sold for less than $110 are exempt from New …
This item is available in full to subscribers.
To continue reading, you will need to either log in to your subscriber account, or purchase a new subscription.
If you are a digital subscriber with an active, online-only subscription then you already have an account here. Just reset your password if you've not yet logged in to your account on this new site.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
As the holidays approach, the New York State Department of Taxation and Finance wants to remind shoppers and retailers that clothing and footwear items sold for less than $110 are exempt from New York State’s 4 percent sales tax.
Clothing and footwear items sold for under $110 are always exempt from New York State sales tax—during the holiday shopping season and throughout the year
Shoppers statewide who make qualifying purchases don’t have to pay the 4 percent state sales tax on those items.
The state exemption alone translates into about $900 million of savings annually. The combined amount from the state and local sales tax exemptions is more than $1 billion annually.