Did tax change spur building surge?

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 The tax was repealed 10 years ago.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]

Sign Up for the undefined Newsletter