New York Enacts New Exemptions for Electronic News Services and Periodicals

Thursday, February 02, 2012

The New York Department of Taxation and Finance has published guidance to clarify recently enacted legislation providing sales tax exemptions for electronic news services and electronic periodicals. The legislation distinguishes between the two services; electronic news services provide the purchaser with daily updated news content, while electronic periodicals are published at least four times per year but no more than once a week.

When the exemptions take effect, electronic news services will be exempt unless the subscription fee meets or exceeds a specified cap amount. The cap amount will be determined and posted annually by the Department. Electronic periodicals will also be exempt, but, unlike electronic news services, there will be no applicable cap amount for electronic periodicals. Additionally, information services, telephony and telegraphy, and telephone and telegraph services used by electronic news services in collecting and circulating news can also be purchased exempt from tax. These new provisions will take effect beginning March 1, 2012.

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