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    The United States Will Levy A New Tax On Shoes And Clothing In Albany.

    2010/8/13 14:31:00 45

    Clothing Shoes Shopping

    Although the clothing and footwear of Albany, capital of New York, are exempt from consumption tax, Albany will be re taxed. The tax-free policy of 110 dollars or less than 110 dollars will soon be over, but it will not be until after October 1st.


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

    But tax exemption was implemented in 2007.

    Most users may miss the opportunity to use tax-free money, because most duty-free goods are still subject to consumption tax.


    TedPotrikus, executive vice president and director of government relations at the New York state retail Council, said that exemption from 4% of the consumption 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, the owners of the department store have different views.

    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 their sites in Manchester, Vermont and Massachusetts, which are about 45 minutes to 1.5 hours away from Albany.


    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.


     

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    Read the next article

    Us New York Resumed Clothing Sales Tax 4.375%

    The State Council of New York has been able to levy taxes on clothing and shoes at all prices since October 1st of this year. It is estimated that it will bring 330 million yuan of revenue to the government. The current rule is to levy taxes on clothing and shoes (each or each pair) for more than 110 yuan.

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