PolicyPro: City quietly drops pied-à-terre tax rules, comptroller bullish on revenue

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Hey there, let’s get into today’s news at the intersection of policy and real estate:

  • City tax officials quietly unveiled rules to implement the contentious pied-à-terre tax.
  • The NYC comptroller’s office now expects the pied-à-terre tax to meet — and potentially exceed — its annual revenue target, reversing an earlier warning.
  • Each year properties worth a combined $400 million are caught up in messy ownership disputes, according to new research.

In this edition we mention: Gov. Kathy Hochul, New York City Comptroller Mark Levine, the Center for NYC Neighborhoods and others.

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