For example, this policy could help to encourage Internet service providers to locate in New York. Furthermore, by keeping State and local sales tax out of the cost of purchasing Internet access, it could help encourage more New York businesses and residents to make full use of the Internet. Such economic development benefits could ultimately reduce the sales tax revenue implications of this policy. This represents the latest year for which detailed, taxpayer specific sales tax information is available. Where fourth quarter data was unavailable, we made an estimate using data from the comparable quarter of the prior year and the average remittance during the first three quarters.
Taxable sales are the portion of a vendor's total sales that are subject to sales tax.