Raise the minimum threshold for imposition of the “Mansion Tax”.

Resolution calling upon the New York State Legislature to introduce and pass, and the Governor to sign, legislation amending Section 1402-a of the New York State Tax Law to raise the minimum threshold for imposition of the “Mansion Tax” from $1,000,000 to $1,750,000 and to assess an additional one-half percent tax on all sales over $5,000,000