Assemblymember Bronson: Families and Businesses Will Benefit From a Sales Tax Exemption
Beginning April 1 of this year, cash-strapped families and businesses in Monroe County will feel some much needed relief. All clothing, footwear or related item that is sold for less than $55 each will be exempt from the stateís 4 percent sales tax.
Whether purchased in person, over the phone, by mail or online, the tax-free status will be applied to all pertinent items purchased on or after April 1.
With the rising cost of living along with an economic downturn, this relief couldnít come soon enough. It is estimated that a family of four will be able to save roughly $90-$100 per year with this tax cut allowing them to buy the necessary clothing they need.
This tax exemption will also help energize our economy and allow families to keep more of their hard earned money in their pocket where it belongs. However, there is much more work to do in order to get the state back on the right track. Thatís why Iíll continue to fight for hardworking families and make Monroe County a place for businesses to grow.
Starting April 1, 2012, the tax-free status will include all clothing and footwear costing less than $110. For more information, visit the New York State Department of Taxation and Financeís website at www.tax.ny.gov. If you have any questions about this, or any other issue, feel free to call my office at 244-5255.