Key facts
- A New York state appeals judge has lifted a pause on the city's pied-à-terre tax.
- The city's administration can now continue the rollout of the tax.
- The pied-à-terre tax targets luxury apartments owned by non-residents.
- A lawsuit challenging the tax's implementation is still ongoing.
- The judge's decision allows the city to proceed with collecting the tax.
A New York state appeals judge has permitted the city's administration to proceed with the rollout of its pied-à-terre tax. This decision lifts a previous pause that had halted the tax's implementation. The pied-à-terre tax is designed to apply to luxury residential properties owned by individuals who do not reside in New York City. Despite this ruling, the legal challenge against the tax's implementation is continuing. The appeals court's intervention allows the city to move forward with the process of collecting this new tax revenue, which is intended to fund public transportation projects.