Week of 8/24/2015 through 8/28/2015
- Back to School Shopping Reminder (in multiple languages)!
The New York State Department of Taxation and Finance today reminded parents and college students that qualifying clothing and footwear purchases are exempt from New York sales tax year-round. While many states offer "sales tax holidays" leading up to the school year, New York has a constant exemption from the State's 4% sales tax on items of clothing and footwear sold for less than $110.
- Capital Region Business Owner Arrested, Accused of Pocketing $230,000 in Sales Tax
The New York State Department of Taxation and Finance today announced the arrest of Gerald E. Phibbs, Jr., 55. He is accused of failing to remit over $230,000 in sales tax to New York State as required by law. The money was collected from sales at his business, Pinnacle Power Sports, 460 Albany Shaker Rd., Albany, over a two year period between June 2013 and August 2015.