Daily Tax Report ®

NYC Congestion Fee, Mansion Tax Ushered in by State’s New Budget

April 1, 2019, 12:00 PM

New York lawmakers approved a budget that allows for tolls on cars entering midtown Manhattan, increases sales taxes on multimillion-dollar city homes and ushers in a statewide ban on single-use plastic bags.

They also capped local property tax increases outside New York City at 2 percent a year, ordered sweeping changes to the Metropolitan Transportation Authority and scrapped cash bail requirements that jails thousands a year before trial. The budget, struck over the weekend by Governor Andrew Cuomo and legislative leaders, was passed by the Assembly on Monday morning following action in the Senate.

“This is probably the broadest, most...

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