Pied-à-Terre Tax killed in final budget

State Senator Brad Hoylman (center) discusses the Pied-a-Terre Tax at a February press conference. (Photo by Sabina Mollot)

By Sabina Mollot

A real estate tax bill sponsored by State Senator Brad Hoylman that had recently gotten its second wind after languishing in the capital for years has just been killed in the finalized state budget. After being fought tooth and nail by the real estate industry, what had been dubbed the Pied-à-Terre Tax was instead substituted with other tax increases.

The Pied-à-Terre tax, which would have been charged to owners of properties worth over $5 million that are not the owner’s primary residence, was besieged by accusations that it would gut the luxury market and even significantly reduce the value of impacted units.

Prior to its demise, Hoylman acknowledged all the controversy and various headlines surrounding it.

“We’re calling it the Pied-à-Scare Tactic,” he told T&V. “They’re trying every argument against it.”

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Letters to the editor, Apr. 4

Cartoon by Jim Meadows

Losing the battle on bikes (cars, too)

To the editor:

T&V has recently featured articles on residents complaining about cyclists’ behavior and the NYPD’s 13th Precinct enforcement activities towards cyclists. None of these articles point out that the real danger to pedestrians and cyclists are automobiles.

Motor vehicle crashes killed 200 people in NYC in 2018 including 114 pedestrians and 10 cyclists and left 60,000 injured. Between July 2012 and January 2019, 887 pedestrians were killed by automobiles. Generally, when the DOT installs protected bike lanes or other infrastructure to make cycling safer and easier, pedestrian safety also increases.

All too frequently whenever there is a serious crash involving a cyclist being hit a motor vehicle, they initiate ticketing activity against cyclists often at intersections and bike lanes in which little dangerous behavior is exhibited by cyclists rather drivers who block and drive in bike lanes, drivers who cut off cyclists at intersections or drivers that block the box causing cyclists to go out into traffic.

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