Albany, New York, October Will Levy A Consumption Tax On Clothing And Shoes Again.

Part of the state budget is to recover a 4% provisional tax, which was approved by the state legislature earlier this week.

but

Ted Potrikus, executive vice president and director of government relations at the New York state retail Council, said that exemption from 4% of the excise tax on clothing and shoes is a savings in a sense.

In addition, the effective period until October 1st will also help parents to reduce taxes, so parents need to buy school supplies for their children.

However, department store owners have different opinions.

One owner believes that taxes may affect sales during Christmas.

He also worries that re taxation will allow more shoppers to shop in nearby areas, such as Vermont and Massachusetts, because there are no excise taxes on clothing.

Retail or direct selling stores and shopping malls are expanding them.

Tax-free will gradually resume from April 2011. Clothing and shoes are exempt from 55 cents or less than 55 dollars. By April 1, 2012, this threshold will be restored to 110 dollars.

However, retailers are still concerned about the moderate sales prospects. Therefore, the impact of holiday sales this year will become the focus of the market.