New York City's proposed pied-à-terre tax has received a crucial endorsement from the city's comptroller, Brad Lander. The tax, aimed at targeting wealthy individuals who own luxury homes in the city but do not reside there full-time, has been a contentious issue in recent months. Comptroller Lander's support comes with some caveats, however, as he expressed concerns about the tax's potential impact on the city's already-strained real estate market. With the tax set to generate an estimated $1 billion in revenue, the comptroller's endorsement brings the proposal one step closer to becoming a reality, but its ultimate fate remains uncertain.
NYC comptroller gives thumbs up to proposed pied-à-terre tax, with some caveats CBS News
