Invoicing in New York

Built-in handling of NY sales tax (4% state rate) and statutory late fees.

State sales tax
4.00%
Late fee max
2%/mo
Metros covered
13
Written contract req.
Yes

New York compliance at a glance

  • Sales tax: 4.00% state rate. Many services taxable (info, parking, repair). Combined 8-8.875%.
  • Late fees: Up to 2% per month. (NY Gen. Oblig. Law §5-501) Civil usury cap 16%/yr (1.33%/mo); construction Prompt Pay allows 1%/mo.
  • Written contracts: Required for jobs over $500.
  • Prompt-pay law: NY Prompt Payment Act (General Business Law Article 35-E). Payment due within 30 days of approved invoice; 1% per month interest if late.

New York metros

New York guides