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New York Plans Tax on Homes Over $1 Million Purchased With Cash

Bloomberg Markets · May 15, 2026, 6:04 PM · Also reported by 2 other sources

Bloomberg's Laura Nahmias joins Scarlet Fu on "Bloomberg Real Yield." New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million, according to people familiar with the state budget negotiations. (Source: Bloomberg)

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New York Plans Tax on Homes Over $1 Million Purchased With Cash

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