{"id":240085,"date":"2026-05-22T01:05:13","date_gmt":"2026-05-22T01:05:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/240085\/"},"modified":"2026-05-22T01:05:13","modified_gmt":"2026-05-22T01:05:13","slug":"new-york-tax-on-nyc-cash-home-purchases-close-to-collapsing-1","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/240085\/","title":{"rendered":"New York Tax on NYC Cash Home Purchases Close to Collapsing (1)"},"content":{"rendered":"<p>A proposal to levy a new tax on all-cash real estate transactions over $1 million in New York City is likely to be dropped from the state budget, according to people familiar with the negotiations. <\/p>\n<p>New York state lawmakers had been working on the new levy as an option to help fill the city\u2019s budget deficit. The tax would have been levied at 1% of the purchase price and be paid by the buyer. <\/p>\n<p>Read More: New York Plans Tax on Homes Over $1 Million Purchased With Cash<\/p>\n<p>The state still plans to enact a new pied-\u00e0-terre tax on pricey &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"A proposal to levy a new tax on all-cash real estate transactions over $1 million in New York&hellip;\n","protected":false},"author":2,"featured_media":240086,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[56417,9,11,10,49,51,50,8800,4281,42108],"class_list":["post-240085","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-corporate-income-tax","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-new-york-state","tag-new-york-state-headlines","tag-new-york-state-news","tag-real-estate-transactions","tag-state-budget","tag-state-tax"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/240085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=240085"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/240085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/240086"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=240085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=240085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=240085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}