Tax exemption kicks in on clothes, footwear up to $110

New York residents will get a reprieve beginning today on the four percent sales tax for clothing and footwear if they buy items costing less

NEW YORK - New York residents will get a reprieve beginning today on the four percent sales tax for clothing and footwear if they buy items costing less than $110.

A sales tax exemption had originally been put in place a few years back, but the state lifted it in October 2010 to raise revenue for the faltering economy.

The tax exemption is part of the state's $132.5 billion budget, which was negotiated by Gov. Andrew Cuomo and the Senate Republican and Assembly Democratic majorities. Increases spending by 1.9 percent and addresses a nearly $2 billion deficit.

advertisement | advertise on News 12

Trending Video

1 VIDEO: Mini-mall plaza opens in Sunset Park
Authorities have released a surveillance image of a 2 Police release image of car suspected of Brooklyn drive-by shooting
3 Brooklyn Sportscast, Jan. 17
Our Lady of Loreto Church in Brownsville has 4 Residents fight to save vacant Brownsville church
Experts offer advice on reducing healthcare costs at 5 Tips to reduce health care costs

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE