Tax On Vacation Homes Could Hit South County
Some state legislative Democrats are proposing extending Gov. Kathy Hochul’s proposing a pied-à-terre tax on second homes in New York City. Hochul’s proposal would apply to properties that sell for more than $5 million that are not rented out full-time or listed as the owner’s primary residence. The proposal to extend the pied-a-terre tax statewide hasn’t had legislation drafted yet because discussions have informally been held as part of state budget negotiations. City & State NY reported on the discussions on Friday, and state Sen. George Borrello, R-Sunset Bay, said there ...