Bill > A04480

This bill establishes a sales tax exemption for various products purchased for less than $500 during the holiday shopping period from the fourth Friday in November through December 26th. The exemption covers a wide range of items including clothing, footwear, jewelry, sporting goods, tools, books, art supplies, musical instruments, home appliances, furniture, toys, electronics, and more. Local governments (cities, counties, and school districts) have the option to adopt this exemption through a local law, ordinance, or resolution. For cities with a population of one million or more (like New York City), the local legislative body can choose to implement this sales tax holiday by passing a specific resolution. The bill amends existing tax law to allow these jurisdictions to temporarily suspend sales taxes on qualifying products during this specific time period, giving consumers a potential financial break during the holiday shopping season. The implementation will begin on the first day of the next sales tax quarterly period at least 90 days after the bill becomes law, with the tax commissioner authorized to oversee and implement the necessary changes.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A4480