Pied-a-Terre Tax Gains Momentum in New York

“Gov. Kathy Hochul has thrown New York City Mayor Zohran Mamdani a lifeline on his plan to raise taxes on the wealthy, with a proposal to tax luxury second homes that raises revenues without targeting the city’s top earners,” the Wall Street Journal reports. “Hochul this week unveiled a plan for a pied-à-terre tax on […]