New York’s proposed tax on all-cash purchases appears to be falling apart.  State lawmakers are now considering removing the levy from the budget, just a week after news of the plan broke, sources familiar with the process told Bloomberg. Under the proposal, buyers of New York City homes purchased without financing for $1 million or more would pay an additional 1 percent tax on the sale price.  The tax was floated as one of several potential pathways to fund the $4 billion package Gov. Kathy Hochul plans to funnel to the city to help cover its budget deficit. The proposal […]

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