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NY Clothing Tax Exemption Ends This Week

(credit: Jemal Countess/Getty Images)

(credit: Jemal Countess/Getty Images)

Maurice-DuBois-thumbnail Maurice DuBois
Award-winning journalist Maurice DuBois anchors CBS 2 News at 5 and 11...
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NEW YORK (CBS 2) — Get ready for your clothing budget to take a hit. Starting this Friday, afforable clothes in New York will become more expensive.

The state’s sales tax exemption for clothing and footwear costing less than $110 will expire. That means a 4-percent price increase starting on October 1.

The tax was reinstated to help close the state’s budget deficit.

The exemption returns next April, but only for purchases less than $55.