Will Mamdani tax luxury second homes?

Before Jan 1, 2027 If a New York City pied-à-terre tax on luxury second homes has become law in New York City before Jan 1, 2027, then the market resolves to Yes. Laws passed by New York State are encompassed within the Payout Criterion if they apply to or govern New York City. Enactment requires completion of all constitutional and legal requirements for the legislation to become binding law. Standard legislation requiring executive approval: final passage by all required legislative bodies,