What a lawsuit over Rhode Island’s pied-à-terre tax could mean for New York
A group of homeowners in Rhode Island is fighting a new tax on luxury second homes in the state, which could set the stage for future challenges against a similar provision in New York City. Earlier this month, 40 homeowners sued the Ocean State, its taxation department and its tax administrator over a new surcharge on pieds-à-terre assessed at $1 million or more. The levy, nicknamed the “Taylor Swift tax” after the pop star who famously owns a Westerly mansion, took effect in July after lawmakers approved it last year. The complaint, filed in Newport County, alleges the tax is […]
This article originally appeared on The Real Deal. Click here to read the full story.
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