New York State Officials Revive Plans to Tax Second Homes in NYC

Bloomberg, Dec. 4, 2020–Oshrat Carmiel
Democratic legislators updated their long-running proposal for a New York City “pied-a-terre tax” in October and sent it to committee for review before an official introduction in January. With a veto-proof majority now in both the state senate and assembly, Democrats are pushing again for a levy that could raise about $390 million annually, according to Senator Brad Hoylman, a sponsor of the measure.