NewzThree New York property owners filed a lawsuit on Friday against Mayor Zohran Mamdani regarding the implementation of a tax on luxury second homes owned by non-residents. The tax measure was originally approved by state legislators this past May.
The legal challenge targets the executive application of the policy, which specifically affects individuals who do not maintain primary residency in the city. The lawsuit marks a significant pushback against the fiscal policy aimed at luxury real estate holdings.
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