CARMEL – Effective March 1, 2024 and extending for two years, Putnam County has enacted legislation that will eliminate the county’s sales tax on clothing and footwear under $110.
“At a time when our residents are still struggling because of rampant inflation, county government must d its part to help out,” said County Executive Kevin Byrne. “Sales tax on needed goods like there are inherently regressive, disproportionately harming those most economically vulnerable. To many residents, that four percent on a new pair of shoes doesn’t seem like much, but to the single mom it could mean being able to afford an extra onesie for her child.”
The two-year tax exemption is expected to equate to a $3 million per year tax cut. During that period, the county will evaluate the exact fiscal impact to the county and will the option to renew the tax cut in 2026.
