Source: New York Post
The Mamdani administration has unveiled rules for how the city’s new pied-à-terre tax will be enforced — with the first surcharge notices going out in the coming weeks, The Post has learned. The city Department of Finance will let owners of thousands of luxury secondary residences know they’ve been deemed eligible for the tax by August 30, according to the newly published proposed guidelines. The DOF has subpoena power and can conduct audits going back six years to determine whether a property should be taxed or exempt.
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