4% Sales Tax Exemption on Clothing under $110

Did you know about the 4% tax exemption on clothes? Assemblywoman Sandy Galef has just released the following information on the exemption:

Assemblywoman Sandy Galef encourages residents to go shopping and receive a state sales tax exemption of 4% on all clothing, footwear, and related items costing less than $110. This tax-free offer was preceded last year by an exemption on clothing under $55; this year’s exemption started on April 1^st.

This new sales tax exemption renews the legislature’s support for growing business in New York. Although the economy continues to grow stronger, the effects of the last few years have still had an impact on working and middle class families throughout the state. Taxpayers are expected to save over $200 million in 2012 because of this exemption. This exemption will also encourage out-of-state shoppers to do more business in New York, as our state competes with neighboring states for local business.

“This exemption was enacted to give assistance to local, hardworking families by eliminating the sales tax for clothing and footwear purchases under $110. We must encourage New Yorkers to support local businesses and this incentive will hopefully create a boost in sales,” said Galef.

Assemblywoman Galef took her granddaughter Sarah shopping over the weekend at Groovy on Grand located at 119 Grand Street in Croton-on-Hudson to highlight the sales tax relief in New York on clothing purchases.

More information on this exemption can be found at the Department of Taxation and Finance website, www.tax.ny.gov.