NYC Pied-a-Terre Tax Plan Gets Another Shot in State Legislature

State lawmakers are quietly reviving plans for an annual tax on second homes in New York City.

The reach for revenue goes beyond the rarefied condo towers of Manhattan’s Billionaire’s Row, with different taxing methods for every category of homes owned by part-time residents across the boroughs. And it comes as more New Yorkers are temporarily living elsewhere, a feature of pandemic life that may continue even as the public-health crisis subsides.

Democratic legislators updated their long-running proposal for a New York City “pied-a-terre tax” in October and sent it to committee for review before an official introduction in January. ...