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S10197 Summary:
| BILL NO | S10197 |
| SAME AS | SAME AS A11316 |
| SPONSOR | FAHY |
| COSPNSR | |
| MLTSPNSR | |
| Add §3-d, Gen Muni L | |
| Authorizes municipalities located outside the city of New York to impose a tax on high-value non-primary residences having a five-year average market value threshold as set by the municipality between 2.5 and 5 million dollars or more; provides for authorized rates of taxation, administration and enforcement, and revenue distribution. | |