Thursday, April 06, 2006

No sales tax on eligible clothing or footwear purchase in NYC

Have you been shopping in New York city since last Saturday? Did you look at your receipts closely? You may be surprised when you find that you didn't pay any tax for your clothing purchases or footwear. Starting from Apr. 1st, 2006, the New York State sales tax of 4.375% has been eliminated on any clothing or footwear item under $110. Considering that the city sales tax of 4% has already been chopped off since last September, shoppers in NYC don't need to pay any tax as long as the item price is less then $110. It's really good news for both the NYC shoppers and retailers. The shoppers don't need to go to New Jersey to buy clothes just in order to save the taxes. The retailers would attract more customers and increase their revenue dramatically.

However, in some other counties in the metro area, shoppers still need to pay the county sales tax. For example, in white plains, the sales tax is 3.875%.

Details are posted on nyc.gov
"There is no sales tax imposed on the purchase of clothing and footwear valued under $110. The New York State tax rate of 4.375% (including the Metropolitan Commuter Transportation District rate) was repealed effective April 1, 2006, and the New York City tax rate of 4% was eliminated effective September 1, 2005."


Come to the big apple and pick up your favorate item. Don't forget the parking tips I shared before



1 Comments:

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