ALBANY, N.Y. — Called a “major victory” for all New York City residents, legislation to exempt sales tax on apparel and footwear in New York City has been signed into law by Governor Eliot Spitzer.
“Eliminating the sales tax on clothing and footwear in New York City has far reaching benefits,” said Senate Majority Leader Joseph L. Bruno (R/Rensselaer). “As a result, small businesses will see an increase in business and revenue, and consumer spending will increase, leading to a more vibrant economy. [This bill is] a major victory for the pocket books of all New Yorkers.”
The law is set will take effect Oct. 1, 2007.
“The repeal of the tax will save taxpayers $110 million in 2008; $117 million in 2009; $119 million in 2010; and $122 million in 2011,” said Spitzer.
In the City of New York, under existing law, apparel and footwear costing less than $110 per article of clothing or a pair of shoes is exempt from sales and compensating use taxes, and is set to expire on July 1, 2008. This bill will expand the exemption to cover all apparel and footwear on and after July 1, 2008.
“On Sept. 1, 2005, New York City restored the sales tax exemption on clothing and footwear purchases costing under $110,” said Spitzer. “However, New York City’s 4 percent sales tax still applies to clothing and footwear purchases costing $110 and above. By repealing the tax on all clothing and footwear, New York City will be better able to encourage the city’s visitors and residents to make their purchases within the city.”
“Because clothing and footwear purchases are exempt from sales tax in New Jersey, repealing the tax in New York City will increase the city’s economic competitiveness within the region,” said Senator Frank Padavan (R/Queens), a co-sponsor. “In addition to removing the incentive for city residents to make their purchases in neighboring states, the repeal of the tax will encourage the city’s visitors to purchase more clothing and footwear.”
“In 2006, 44 million visitors traveled to New York City, and 84 percent of those visitors were international tourists,” explained Assemblyman Herman D. Farrell (D/New York). “The repeal of this tax will enhance the City’s attractiveness as a tourist destination, particularly to individuals from outside the United States who wish to take advantage of the current exchange rates. Eliminating the city’s portion of the sales tax will encourage consumer spending, which will help to stimulate economic activity and create and preserve jobs in New York.”
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)