New York City Mayor Zohran Mamdani and his administration can move forward with the plan to impose taxes on people who own second homes worth more than $5 million, an appeals court ruled on Nov. 4.
The Supreme Court of the State of New York Appellate Division reversed a recent decision by a state Supreme Court judge that restricted the administration from rolling out the pied-à-terre tax.
People who sued over the tax do not have standing because they have not shown they have been injured by the tax rollout, the appeals court said on Wednesday.
The receipt by people who brought the case of notices that outlined initial determinations of whether the tax applied to them has not resulted in any documented costs to date, the appeals court said….