CRAIN'S - Councilman to introduce pied-à-terre tax resolution

A city councilman plans to introduce a resolution supporting efforts in Albany to pass a tax on pieds-à-terre in New York City.

City Councilman Corey Johnson, D-Manhattan, began penning a resolution the same day state Sen. Brad Hoylman, D-Manhattan, announced his legislation, which would levy a tax for nonresidents who own New York City apartments worth more than $5 million.

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