New York lawmakers are considering a new state-level levy tied to real estate transactions in New York City that are paid entirely in cash. Multiple reports say the proposal would apply to purchases of homes costing at least $1 million and is being discussed during state budget negotiations. However, the plan’s status shifts as negotiations progress: Bloomberg reports that the tax is close to being dropped from the state budget, citing people familiar with the discussions. In a separate Bloomberg update, lawmakers include a different measure in the budget package—adding a surcharge on high-value second homes in the city—while omitting the cash-purchase tax proposal. Forbes similarly frames the cash-purchase tax as part of ongoing state budget talks. Taken together, the coverage indicates that while the cash-purchase tax is initially on the table, lawmakers appear to be moving toward alternative revenue measures rather than adopting the tax on all-cash transactions.