‘Vacation Home’ Tax Is Not Such A Good Idea
Democrats are proposing to extend a bad idea in New York City into a bad idea statewide. Assemblyman Andrew Molitor, R-Westfield, and Sen. George Borrello, R-Sunset Bay, have concerns about extending the proposed pied-à-terre from New York City to the rest of the state. We, too, have concerns. A quick examination of real estate sales transactions over the past couple of years shows only one sale that would qualify for the pied-à-terre as proposed by state Sen. Patricia Fahy. We do think that such a tax will have an impact on Chautauqua County at some point, though the effect likely ...