New York shoppers were in for an early Easter treat Sunday, as the state doubled its tax exemption for clothing and shoe purchases.The tax holiday, set to last for one year, exempts purchases under $110 from a 4 per cent sales tax and .375 MTA tax. The exemption was formerly capped at $55.
Unfortunately, shoppers hitting up Manhattan’s retail hotspots will still be subject to the 4.5 per cent local New York City tax.
According to Taxfoundation.org, there are seven states, including New York, that let mall rats off the hook on sales taxes (Connecticut used to be on the list, but legislators repealed the exemption back in July 2011):
Alaska – none
Delaware – none
Massachusetts – no sales tax on purchases < $175
Montana – none
New Hampshire – none
New York – no sales tax on purchases < $110
Oregon – none
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