New York

Luxury second homes in New York will have to be taxed far more to generate the revenue the city is counting on to help close a gaping budget hole.

The mayor is delaying the city's $127 billion budget as he pressures the state to limit a pass-through entity tax credit used by financial businesses.

New York City Mayor Zohran Mamdani insisted his push for a new tax on pricey second homes isn't "motivated by any one individual."

President Trump assailed New York Mayor Zohran Mamdani, warning that his push to ramp up taxes on the wealthy would be destructive to the nation's largest city.

Governor Kathy Hochul and New York City Mayor Zohran Mamdani have finally found a tax to agree on. Getting everyone else on board stands to be more complicated.

The second-home plan is expected to be part of ongoing state budget negotiations and would levy a yearly surcharge on pied-à-terres.

If the change were enacted, New York's estate tax exemption threshold would be the lowest in the U.S.

The members of the "Patriotic Millionaires," who include a Disney heiress, argue that rich residents can afford paying more into city coffers.

The deal expands the Top 50 Firm's presence in New York State and adds CMJ's specialties in construction and financial services.

New York City Mayor Zohran Mamdani has thrown down an ultimatum, threatening to raise property taxes by nearly 10%.

New York City Mayor Zohran Mamdani is proposing raising New York City's property taxes for the first time in more than two decades.

Doeren Mayhew acquired Rochester, New York-based advisory firm 1RDG, marking its entrance into the New York market.

The New York City mayor is amping up pressure on Governor Kathy Hochul to hike taxes for the richest residents and corporations.

The Chicago-based firm has acquired New York- based accounting firm Farkouh, Furman & Faccio.

Empire State Gov. Kathy Hochul signed a bill into law that will create an additional pathway to CPA licensure — the latest state to pass changes to licensure requirements.

The company, part of Malaysia's Genting Group, wants the state to lower its proposed tax rate or raise the levy that may be imposed on the other bidders.

Millionaires, who comprise less than 1% of New York City filers, generate 40% of city income tax revenue, says the Citizens Budget Commission.

Any new taxes to fund his agenda need the backing of the state, and Governor Kathy Hochul has said she's against such hikes.

A millionaire levy in Massachusetts has generated $3 billion more in revenue than expected without forcing significant high-profile departures from the state.

The Queens assemblyman brushed off concerns about higher taxes by saying wealthy New Yorkers would stay put regardless.