New York clothing and footwear tax exemption extended
Shoppers spending in New York will keep a little more money in their pockets starting Sunday. Our C-J Spang explains.
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ALBANY, N.Y. -- "Any money in my pocket is more money I get to spend on clothes and shoes," said shopper Kara Saint James.
"It's good for the consumer and it's good for us," Circles owner Sharon Fenno said.
"It's a great thing," said shopper Jacqueline Rosetti-Falvey. "Four percent more that I get to spend, that much more on clothes."
Clothes and shoes will cost less starting Sunday, as New York state extends the clothing and footwear tax exemption.
"Anything that brings people out to have a good time, relax and do a little shopping therapy - always a good thing," said Sandra Dollard, who owns Evoke Style.
Items costing less than $110 are now exempt from the state's four percent sales tax. Currently - items costing less than $55 are exempt.
"I think the state, removing the tax on clothing items less than $110 is good," Fenno said. "I think anything that puts more dollars in a consumers' pocket can only be good for business and good for them."
The exemption applies to each individual item, so even if the combined purchase price for goods is more than $110, as long as each item costs less than that, the exemption applies.
"Four percent is not bad," Dollard said. "Any time you can give a savings to the consumer it's great. Especially in this day and age when we're a brick and mortar shop, because everyone's saying, 'The Internet this. The Internet that.'"
"I think it will really boost people to go out and shop a little bit more and hopefully spend more in New York state," said Rosetti-Falvey.
Officials estimate the exemption will save New Yorkers more than $200 million annually. However, county sales tax can still be charged on these items.