Great News: That New Yacht Is Not Gonna Cost As Much As You Originally Thought

The Governor of New York has proposed taking it easy on would-be yacht owners' wallets.
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Now you can go ahead and spring for the one with the replica of Monaco attached to the top and feel frugal at the same time.

A measure in New York’s state budget would exempt very expensive boats from sales tax, under an agreed-upon budget bill printed over the weekend. The so-called “yacht credit” has not been part of the budget discussion this year, but it appeared quietly over the weekend in a revenue bill, under section SS, that would exempt any portion of the purchase of a boat above $230,000 from sales tax.

Budget includes sales-tax carveout for yachts [CapitalNY]
Shopping for Yacht? New York Budget Offers a Tax Break [NYT]

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