New York State Budget Includes Second-Home Tax and ICE Limits
The $269 billion state budget signed by Gov. Kathy Hochul adds a tax on second homes and places new restrictions on federal immigration enforcement. The measures form part of broader policy changes passed with the spending plan.
kff.orgNew York enacted a $269 billion budget that introduces a tax on second homes and new limits on cooperation with federal immigration authorities. Gov. Kathy Hochul used the budget process to advance both the tax measure and the immigration provisions.
The budget establishes a new tax targeting second homes in the state. Details on rate structure and revenue estimates were not specified in the announcement.
The same legislation restricts state and local assistance to federal immigration agents. The provisions aim to limit information sharing and operational support for ICE activities within New York. No effective date or implementation timeline was provided in the budget documents.
Key Facts
Potential Impact
- 01
Owners of second homes in New York will face an additional tax obligation.
- 02
State and local agencies may reduce information sharing with federal immigration authorities.
Transparency Panel
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