Billionaire tax not included in NY Senate Democrats’ budget proposal
Updated Mar 17, 2021;
Posted Mar 17, 2021
The Senate Chamber at the New York State Capitol in Albany is seen earlier in March.Hans Pennink | AP Photo
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By Denis Slattery | New York Daily News
Albany, N.Y. The budget proposal approved by Senate Democrats, while packed with revenue-generating taxes on the wealthy, doesn’t include a long-sought tax on high-end second homes or increased levies on billionaires.
Senate Dems shied away from the so-called pied-à-terre tax even though it was included in the Assembly’s one-house fiscal plan as they presented a tax package that could pull in about $8.2 billion over the next year.
Pied-a-terre tax absent from Senate Dems budget plan
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Pied-à-terre and billionaire tax not included in N Y Senate Dems budget proposal
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