Bloomberg
US · 1 hrs ago
✦ 75◉ Centre
New York’s Tax on NYC Cash Home Purchases Is Close to Collapse
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Quality 75/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
New York's proposed tax on all-cash real estate purchases over $1 million in New York City is expected to be removed from the state budget following negotiations.
New York’s Tax on NYC Cash Home Purchases Is Close to Collapse
A proposal to levy a new tax on all-cash real estate transactions over $1 million in New York City is likely to be dropped from the New York state budget, according to people familiar with the negotiations.
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