After promising to deliver millions of dollars to help balance Mayor Zohran Mamdani’s city budget, Gov. Kathy Hochul on Thursday released details of her new second-home tax that could apply to 10,000 ...

New York legislators are weighing a new tax on all-cash home purchases over $1 million. Under the proposal, buyers would be on the hook to pay 1 percent of the purchase price to cover the levy, ...

The new tax surcharge will be phased in as the city and state work out which properties it will affect, according to Gov. Kathy Hochul’s office. By Benjamin Oreskes Dana Rubinstein and Mihir Zaveri ...

To learn more about the CNBC CFO Council, visit cnbccouncils.com/cfo New York City Mayor Zohran Mamdani and New York State Governor Kathy Hochul are supporting a pied ...

Lawmakers are also pushing a so-called pied-à-terre tax on New York City properties valued at $5 million or more that are not used as a primary residence. Backed by Governor Kathy Hochul and Mayor ...

Gov. Gavin Newsom is going after Silicon Valley with a sweeping proposal to expand the state’s sales tax into cloud software, AI platforms and digital applications — a move projected to generate more ...

They’re flooding the market. The trigger point for a controversial new tax on luxury second homes in New York City could be lowered from $5 million to $1 million of a property’s assessed value — ...

Washington’s new millionaires tax is facing a fresh challenge as a conservative-leaning group begins a statewide push to repeal the law before it takes effect. Let’s Go Washington has launched an ...

Aziza Shuler is the Weekend Morning Anchor and Reporter at CBS News New York. Before arriving in New York, Aziza served as the weekend evening anchor and reporter at CBS News Philadelphia. New York ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. Jeff Bezos endorsed New York City’s proposed pied-à-terre tax on second ...

A New York tax preparer was sentenced in connection with a COVID-era tax scheme to defraud the U.S. government. The tax preparer, Tiffany Williams, was convicted of wire fraud and given a three-year ...

Gov. Kathy Hochul and Mayor Zohran Mamdani have reached a deal that will add a new tax on luxury second homes in New York City in an effort to reduce part of the city's budget gap. The tax would apply ...