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What exactly is a capital improvement?

One of the advantages of being a homeowner is that certain home improvement projects are sales tax free, if they fit the New York State’s guidelines of being a “Capital Improvement”. The tricky part can be determining what exactly qualifies as a capital improvement. The NYS Department of Taxation lays it out like this: A…

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Lights out

Once again, the government’s attempts to fix “problems” they are incapable of fixing will screw us, the consumer. The latest energy bill has a provision to ban incandescent light bulbs. From the Chicago Tribune… “In this bill, we ban by 2012 the famously inefficient 100-watt incandescent bulb,” said Rep. Jane Harman (D-Venice), who co-sponsored that…