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New York State Tax Information |
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- Sales Tax:
- General: 4% (food exempt)
- Clothing: Starting April 1, 2006, items under $110 are exempt
- Pharmaceutical Tax Rates: Exempt for both prescription and non-prescription drugs.
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Fuel Tax:
- Motor Vehicle Fuel: $.159 per gallon
- Diesel Fuel: $.08 per gallon
- Aviation Gasoline: $.159 per gallon
- *Aviation Gasoline Retail Sellers: .063 per gallon
- Kero-Jet Fuel: $.063 per gallon
- Motor Vehicle Diesel: $.1415 per gallon
- Railroad Diesel: $.083 per gallon
- Non-motor Vehicle Diesel:
- Commercial Gallonage: $.086 per gallon
- Non-residential Heating: $.046 per gallon
- Electric Corporation: $.149 per gallon (without a direct pay permit)
- Residual Petroleum Product:
- Commercial Gallonage: $.066 per gallon
- Non-Residential Heating: $.036 per gallon
- Electric Corporation: $.129 per gallon (without a direct pay permit)
- Vehicle Rental Tax: 5%
- Tobacco Tax:
- Cigarettes: $1.50 per pack of 20 cigarettes ($1.50 additional tax in New York City)
- Other Tobacco Products: 37% of wholesale price
- Alcohol Tax:
- Beer: $.11 per gallon ($.12 additional tax in New York City)
- Cider: $.0379 per gallon
- Wine: $.1893 per gallon
- Liquor 2% and less: $.01 per liter
- Liquor 2% to 24%: $.67 per liter
- Liquor above 24%: $1.70 per liter ($.264 additional tax in New York City)
- Income Tax:
- Personal Income Tax: Varies between 4% and 7.7%, based on 5 tax brackets.
- Retirement Income Tax: Exempt
- Property Tax: Assessed on all real property. Exemptions and credits can be granted to those with low-incomes or to senior citizens.
- Inheritance and Estate Tax:
- Estate Tax: Related to federal estate tax collection
- Real Estate Transfer Tax: $2.00 per $500 property value
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Last Updated ( Monday, 19 June 2006 )
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NY 
