State backtracks on law that would unmask secret NYC condo buyers

Max Touhey New state guidance eliminates major changes for Manhattan buyers A bill that would inadvertently reveal the identity of secretive condo buyers in New York City won’t force anonymous owners into the light after all, according to new guidance issued by New York state tax officials this week. The clarification by the state’s Department of Taxation and Finance, which the Wall Street Journal first reported, follows bewilderment by the real estate industry over requirements that limited liability companies (LLCs) used to purchase condos and one-to-four family homes across the state must disclose the names and addresses of buyers

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