Did tax change spur building surge?

June 21, 2006 12:00AM

Some now see the death of the so-called “Cuomo tax” as the birth of the recent New York City building boom. The tax was repealed 10 years ago. Instituted by former Gov. Mario Cuomo, it was a 10 percent surtax on capital gains for real estate transactions more than $1 million in New York State. more [Sun]

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