Friday, October 15, 2010

Sales tax clothing exemption

From October 1, 2010, through March 31, 2011, New York State sales tax applies to clothing and footwear that costs under $110. Recent legislation eliminated the exemption. Starting October 1, 2010, clothing and footwear costing less than $110 will be subject to:

* 4% New York State sales and use tax
* ⅜% tax in the Metropolitan Commuter Transportation District, if applicable

QUICKBOOKS Point of Sale: QBPOS

More information found here: http://www.tax.state.ny.us/sbc/sales_tax_clothing_exemption.htm

If you would like to talk to someone about this, contact us today

http://woodardaccounting.com/



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