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.
Categories
Recent Posts
LA’s politicians more hostile to housing than New
York’s
Newmark’s succession question is bigger than Barry
Gosin
NY Dirt: Mamdani’s BSA pick heads to the hot seat
Hear The Lions Roar From This $15 Million South African
Villa
Innovation Is A Potential Solution To The Construction Labor
Shortage
Midtown buys Doral industrial portfolio for $86M as local
businesses drive demand for smaller spaces
How Nathan Nicholson Cashed Out His 401(k) to Build 23
Rentals
StreetEasy caps big brokerages from lead-gen program
What’s going on with Chobani House?
