Category Archives: New York State budget

New York State Targets Low-Hanging Fruit To Raise Revenue – The Real Estate Transfer Tax and the Mansion Tax Are Hiked!

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If the business or entity you are responsible for running needs to raise its top-line revenue number, in the hopes of potentially improving the bottomline number, what can be done? Simple! The business could simply raise prices being charged the consumer for the product(s), right? Of course that answer in many cases is not feasible, as there […]

The 2019 New York State Budget Includes Real Property Transfer Tax And Mansion Tax Increases!

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2019 New York State Real Property Transfer Tax And Mansion Tax Increases or, Just When You Thought Your Tax Burden Couldn’t Get Any Worse! As New York State’s Governor Cuomo embarked on a search for new sources of tax revenues, ultimately residential real estate and real estate transactions were in his crosshairs! An initial tax […]