> The bill exempts the following categories: > The primary residence of at least one owner. > The primary residence of a parent or child of at least one owner

> The bill exempts the following categories: > The primary residence of at least one owner. > The primary residence of a parent or child of at least one owner. > Cooperative and condominium units that are appraised at less than $5 million in the previous three years. > Properties and dwelling units that are rented to a NYC primary resident. (https://comptroller.nyc.gov/reports/the-pied-a-terre-tax-and-its-potential-revenues/ https://comptroller.nyc.gov/reports/the-pied-a-terre-tax-and...)