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Department of Taxation and Finance Quarterly Inventory  Form

Department of Taxation and Finance Quarterly Inventory Form

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business guide 360 empowering entrepreneurs what is the sales tax in New York state in New York state the sales tax is a crucial aspect of business operations the state has a base sales tax rate of 4% this rate applies to most goods and services sold in the state however local jurisdictions can impose additional sales taxes this means that the total sales tax R can vary depending on where the purchase is made for example in New York City the total sales tax rate is 8 and a qu% this includes the state base rate and additional local taxes some areas in New York state have different local rates so it is essential to check the specific rate for each location certain items are exempt from sales tax in New York these include most food and beverages purchased for off- premises consumption prescription medications and certain Medical devices are also tax exempt additionally clothing and Footwear costing less than $110 are exempt from sales tax businesses must register with the New York State D

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