Pied-à-terre tax moves forward in Albany

As if New York City’s real estate industry didn’t have enough to worry about, a proposed pied-à-terre tax has taken a step forward in Albany. The bill’s sponsors have overcome a technical issue involving co-ops that largely prevented the tax from being approved last year. Now, the Assembly and Senate versions of the bill have been made identical, meaning if they pass, they would go to Gov. Andrew Cuomo’s desk to be signed into law

source https://therealdeal.com/2020/08/18/pied-a-terre-tax-moves-forward-in-albany/