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What's the Latest on New York's Proposed Pied-a-Terre Tax?


What’s the Latest on New York’s Proposed Pied-a-Terre Tax?
The tax would apply to homes that are not a principal residence and are valued at more than $5 million
By V.L. Hendrickson
 | 
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Steppeua / Getty Images
Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question.
Q. What is the latest New York City pied-a-terre tax proposal and who could it affect?
A. A pied-à-terre tax is currently under consideration by the New York State Legislature that would affect real estate in cities with more than 1 million people. ....

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