Lawmakers in Albany are reconsidering a proposal to tax secondary homes, or pieds-à-terre, in order to fund the Metropolitan Transportation Authority’s capital budget. The state is now considering a tax increase on real estate transactions instead, Politico reported, citing five sources close to the negotiations. One source said the pied-a-terre proposal isn’t dead yet but is “headed there.” It’s not immediately clear what a change in real estate taxes would look like. Gov. Andrew Cuomo […]
source https://therealdeal.com/2019/03/26/albany-reconsiders-pied-a-terre-tax-could-tax-real-estate-sales-instead/
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