New York tightens pied-à-terre rules to catch tax cheats after rollout hiccups

1 min read
Source: Gothamist
New York tightens pied-à-terre rules to catch tax cheats after rollout hiccups
Photo: Gothamist
TL;DR Summary

New York City’s pied-à-terre tax aims to raise millions from luxury second homes, but the state will use the city’s rolls to identify residents falsely claiming nonresident status to dodge taxes, prompting audits and penalties as officials extend exemptions and critics flag rollout flaws.

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