Wilbur Ross and Steve Wynn sue New York over pied-à-terre tax

Steve Wynn: Steve Wynn is a casino magnate and real estate developer. He is co-filing a lawsuit with Wilbur Ross against New York’s pied-à-terre tax, claiming nonresidents already pay significant property taxes while using fewer city services. Wilbur Ross: Wilbur Ross is a businessman and former US Secretary of Commerce. He has joined Steve Wynn as a plaintiff in a lawsuit filed in Suffolk County challenging New York’s pied-à-terre tax on constitutional grounds, alleging it discriminates against nonresidents. New York's pied-à-terre tax: New York’s pied-à-terre tax is a surcharge targeting high-value second homes and non-primary residences such as luxury co-ops and condos in New York City. Wilbur Ross and Steve Wynn are contesting the tax in court, arguing it unconstitutionally burdens out-of-state owners. Legal Challenges: A Staten Island judge separately ordered New York City to cancel prior notices and restart its rollout of the pied-à-terre tax due to errors in identifying affected properties. Tax Implementation: The pied-à-terre tax was approved by New York state leadership and aims to apply to unoccupied high-value properties owned by nonresidents.