New York S05465 allows municipalities to exempt sales tax on clothing and footwear from March 1, 2025, to August 1, 2025, with repeal on January 1.
New York S05465 amends the tax law to authorize municipalities to adopt a local law, ordinance, or resolution providing for a sales tax exemption on clothing and footwear. This exemption can be implemented between March 1, 2025, and August 1, 2025. The exemption provisions are set to be repealed on January 1, 2026. The bill also includes provisions for notice requirements and effective dates for tax changes, ensuring compliance with state tax regulations.
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- Impact
- Legal Framework
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