To learn more about the CNBC CFO Council, visit cnbccouncils.com/cfo New York City Mayor Zohran Mamdani and New York State Governor Kathy Hochul are supporting a pied ...

After promising to deliver millions of dollars to help balance Mayor Zohran Mamdani’s city budget, Gov. Kathy Hochul on Thursday released details of her new second-home tax that could apply to 10,000 ...

TOM. WELL, LAURIE, THIS NEW PENNSYLVANIA WORKING TAX CREDIT ESSENTIALLY IS GOING TO BE WORTH ABOUT 10% OF THE FEDERAL EARNED INCOME TAX CREDIT. AND IF YOU DO QUALIFY FOR IT, YOU’LL AUTOMATICALLY GET ...

The new tax surcharge will be phased in as the city and state work out which properties it will affect, according to Gov. Kathy Hochul’s office. By Benjamin Oreskes Dana Rubinstein and Mihir Zaveri ...

Ken Griffin, CEO of Citadel, reacts to New York City Mayor Zohran Mamdani's push to tax the rich, including a video filmed outside of Griffin's Manhattan apartment. Got a confidential news tip? We ...

New York legislators are weighing a new tax on all-cash home purchases over $1 million. Under the proposal, buyers would be on the hook to pay 1 percent of the purchase price to cover the levy, ...

Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...

A billionaire acquaintance of mine who moved from Manhattan to Miami during the pandemic was talking with me recently about New York City’s proposed pied-à-terre tax—an annual surcharge on second ...

They’re flooding the market. The trigger point for a controversial new tax on luxury second homes in New York City could be lowered from $5 million to $1 million of a property’s assessed value — ...

New York Gov. Kathy Hochul revealed new details about her proposal to tax New York City’s second homes, including that she expects fewer homes would be subjected to this pied-à-terre tax than her ...

The tax proposal is being held up as a generational attempt to make the ultrawealthy pay more to society and potentially raise $500 million a year for New York City. By Mihir Zaveri and Benjamin ...

Alexa Herrera is a digital producer with the CBS News New York web team. She previously worked with WUFT and WTSP in Florida as a digital producer. She's a Long Island native. New York Gov. Kathy ...