"New York State Lawmaker Seeks to Tax Out-of-Towners in Upstate Communities. In a move that could have far-reaching implications for the state's wealthy elite, a local Albany-area legislator is pushing to expand the proposed pied-à-terre tax, which targets second homes in New York City, to include upstate communities. The tax, aimed at wealthy individuals who own luxury properties in the city but don't actually reside there, has been met with resistance from some lawmakers and real estate interests. By extending the tax to upstate areas, the legislator hopes to level the playing field and generate additional revenue for local governments, but opponents warn it could stifle economic growth and drive up property values."
An Albany-area lawmaker wants to expand the proposed pied-à-terre tax for New York City second homes to upstate.
