Thursday, September 30, 2010
Time to bend over again
NEW YORK (CBS 2) — Get ready for your clothing budget to take a hit. Starting this Friday, afforable clothes in New York will become more expensive.
The state’s sales tax exemption for clothing and footwear costing less than $110 will expire. That means a 4-percent price increase starting on October 1.
The tax was reinstated to help close the state’s budget deficit.
The exemption returns next April, but only for purchases less than $55.