Home / Knowledge / News / Apparel/Garments / Sales tax exemption on clothing to be reinstated
Sales tax exemption on clothing to be reinstated
07
Mar '12
Chautauqua County Executive Gregory Edwards would like to remind businesses and residents that on Sunday, April 1, 2012 clothing under $110 will once again be tax exempt.

In an effort to increase the state's revenue for two years, the New York State Legislature enacted a 2010-11 State Budget in August of 2010 that repealed the sales tax exemption on clothing and footwear under $110. By amending the sales and use tax law, the State Legislature created a three phased change to sales tax exemption that would affect counties across New York State and eventually restore the tax exemption to its previous amount.

"The State has modified its tax policy on numerous occasions as to the sales tax exemption on clothing," said County Executive Greg Edwards. "The County policy has not changed but businesses need to be aware of this upcoming modification so that they may act accordingly."

The first phase, from October 1, 2010 to March 31, 2011, eliminated the sales tax exemption on clothing and footwear. This was projected by the New York State Division of Budget to raise $330 million in revenue for the State's fiscal year 2010-11.

The second phase, from April 1, 2011 to March 31, 2012, provided an exemption on clothing or footwear that is less than $55 per item or pair. This was projected by the NYS Division of Budget to raise $210 million in revenue for the State's fiscal year 2011-12.

The third and final phase will begin on April 1, 2012 and it will restore the original exemption on clothing and footwear items that are less than $110.

The State currently applies a 4% state sales tax on all clothing and footwear items that exceed the sales tax exemption and Chautauqua County does not charge a county sales tax on any clothing or footwear items.

Chautauqua County

Must ReadView All

Apparel/Garments | On 27th Apr 2017

Boohoo's revenue increases 51% to reach £294.6 mn

Fashion e-commerce marketplace Boohoo has recorded a 51 per cent...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Apparel/Garments | On 27th Apr 2017

Amazon catching up with Flipkart in India: RedSeer

Online marketplace Amazon India has caught up with its biggest rival...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search