New York A04480 establishes a sales tax exemption for certain products priced under $500 from the fourth Friday in November to December 26.

New York A04480 amends the tax law to exempt from sales and compensating use taxes certain products priced under $500 from the fourth Friday in November to December 26. The exempted products include clothing, footwear, jewelry, sporting goods, tools, books, plants, cosmetics, musical instruments, and more. Cities with a population of one million or more can choose to implement this exemption. The bill also mandates that local laws, ordinances, or resolutions imposing taxes must exclude these exempted products.

New York A04480 establishes a sales tax exemption for certain products priced under $500 from the fourth Friday in November to December 26.

New York A04480 amends the tax law to exempt from sales and compensating use taxes certain products priced under $500 from the fourth Friday in November to December 26. The exempted products include clothing, footwear, jewelry, sporting goods, tools, books, plants, cosmetics, musical instruments, and more. Cities with a population of one million or more can choose to implement this exemption. The bill also mandates that local laws, ordinances, or resolutions imposing taxes must exclude these exempted products.