New York Suspends Clothing Tax Exemption

By September 29, 2010 Legislative, Retail

The New York Department of Finance has issued a notice indicating that the state tax exemption for clothing items costing more than $110 will be suspended from October 1, 2010 until March 31,2011.  As such, state tax and MCTD tax (where applicable) will be due on all sales of clothing items.  If a local exemption for clothing exists, it will remain in force unless the local government also suspends their exemption.

New York is one of just a few states that has an exemption for clothing items.

Ned Lenhart
President

New York Clothing Exemption