Search
Close this search box.

NYS May Hike Sales Tax


The New York State legislature is considering a host of new tax increases to help deal with its budget crisis.

Now there’s talk of restoring a tax break that many New York shoppers probably take for granted.

For the last three years, clothing and shoes costing less than $110 have been exempt from the state’s four percent sales tax, costing New York $690 million in tax revenues each year.

With a state budget gap of $9.2 billion dollars and a budget that’s three months late, there’s talk of  bring back the sales tax on clothes under $110.

Governor Paterson confirms that informal tax discussions with Albany lawmakers are underway.

“They have some proposals on the table,” said Paterson. “We’re reviewing them, and frankly, they don’t sound bad.”

Senate Democratic Conference leader John Sampson went on the record in March saying he was against adding new taxes and it’s a dicey proposal for lawmakers – who are all up for reelection this fall.

“My position has always been no new taxes, no new fees,” he said.

A new poll finds 83 percent of New Yorkers are dissatisfied with state government, and half say they’d vote their assemble member and senator out of office this year.

(Source: WCBSTV)



Leave a Reply


Popular Posts