NY lawmakers propose real estate tax on investors to boost public housing funds

ALBANY ― New York lawmakers want to close a legal loophole that allows deep-pocketed real estate investors to avoid paying taxes.

Sen. Julia Salazar (D-Brooklyn) and Assemblyman Harvey Epstein (D-Manhattan) hope to raise millions to fix the state’s public housing by expanding the mortgage recording...

from US - New York Daily News https://ift.tt/2TMIqTK