(855) Marcum1 | FOLLOW US           
Marcum LLP
  • EVENTS
  • OFFICES
  • CAREERS
  • SUBSCRIBE  
  • 中文
Marcum LLP
Insights

Tax Flash

 

In This Edition

New York Sales and Use Tax: Reminder Issued on Start of Exemption for Clothing and Footwear Costing Less Than $110

:

Share:

On March 28, 2012, the New York Department of Taxation and Finance issued a notice reminding businesses and consumers that beginning April 1, 2012, items of clothing and footwear sold for less than $110 will be exempt from state sales and use tax (up to March 31, 2012, such items up to $55 were exempt).

The exemption is based on per item sold, and also applies to most fabric, thread, yarn, buttons, hooks, zippers, and similar items. The exemption does not apply to items of jewelry, watches and equipment, such as tool belts and hard hats, and for sport, bicycle and motorcycle helmets.

New York City, the city of Norwich and the following counties will also fully exempt eligible sales of less than $110 from local sales and use tax:

  • Chautauqua
  • Chenango
  • Columbia
  • Delaware
  • Greene
  • Hamilton
  • Madison (outside the City of Oneida)
  • Tioga
  • Wayne

For more information, see the Department of Taxation and Finance’s website at www.tax.ny.gov.

 
 
 
HAVE A QUESTION? ASK MARCUM
 
STAY IN TOUCH.

SIGN UP TODAY FOR MARCUM'S NEWSLETTERS.

ABOUT MARCUM LLP

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.

Learn More

CONNECT WITH US
               
OFFICES

Headquarters
750 3rd Avenue, 11th Floor
New York, NY 10017

Find an Office

(855) MARCUM1
info@marcumllp.com

FOUNDATION

Marcum Foundation

AFFILIATIONS

Leading Edge Alliance

DOWNLOAD THE MARCUM ON THE GO APP

© 2016 Marcum LLP. All Rights Reserved.
Privacy | Legal | Sitemap