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Event Brief

NY lawmakers plan cash-home tax for NYC properties

New York lawmakers are planning a tax on NYC homes bought with cash for at least $1 million.
WHO: New York lawmakers
WHAT: Planning a new tax on New York City homes purchased in cash for at least $1 million
WHEN: May 14, 2026 at 2:05 PM ET
WHERE: New York City, USA
WHY: State budget negotiations, according to people familiar with the talks

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