Bloomberg
US · 2 hrs ago
✦ 78◉ Centre
NY Plans Tax on City Homes Over $1 Million Bought With Cash
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AI Analysis
Credibility 78/100
Partisan intensity 25/100
ObjectivePartisan
◉ Centre ✓ Fair headline
New York state lawmakers are considering introducing a tax on New York City residential properties purchased with cash for $1 million or more as part of state budget negotiations.
NY Plans Tax on City Homes Over $1 Million Bought With Cash
New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million, according to people familiar with the state budget negotiations.
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