Court clears path for Mamdani pied-à-terre tax rollout in NYC

An appellate court lifts the stay on New York City's pied-à-terre luxury-home tax rollout, allowing the surcharge to proceed while the homeowners' challenge continues; a lower court had blocked the program, but the city argues that filing an appeal triggers an automatic stay and seeks permission to move forward, with Aug. 31 set for permanent relief and projected revenue of at least $500 million through FY 2028 from about 17,000 potentially affected properties.