New York Lawmakers Planning First-Of-Its-Kind Tax On $1 Million Homes Purchased With Cash

New York City homes worth more than $1 million and purchased with cash could face a new tax, according to Bloomberg, with state lawmakers considering the latest measure to generate revenue from real estate deals.

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https://www.forbes.com/sites/antoniopequenoiv/2026/05/14/new-york-lawmakers-planning-tax-on-1-million-homes-purchased-with-cash-report-says/

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