A New York City judge has blocked the implementation of a proposed second-home wealth tax, halting its planned rollout after legal challenges. The ruling comes amid disputes over the tax’s constitutionality and whether it unfairly targets high-net-worth individuals. Officials had argued the measure would generate significant revenue, but opponents claimed it violated property tax laws. The decision leaves the city’s financial plans in flux as authorities weigh next steps.
Judge orders New York City to scrap second-home wealth tax rollout Fox Business
