A new report from the New York City Comptroller's office sheds light on the city's highly debated pied-à-terre tax, which targets luxury apartments owned by non-resident wealthy individuals. The report aims to provide a comprehensive analysis of the tax's effectiveness and potential revenue impact. As the city continues to grapple with affordability and housing issues, the comptroller's findings could have significant implications for Mayor Eric Adams' efforts to address the city's growing wealth gap. With the tax set to take effect in 2023, the report's conclusions could influence future policy decisions and shape the city's approach to regulating luxury real estate.
New NYC comptroller's report addresses pied-à-terre tax CBS News
