News & Insights

Effective July 1, New York City’s pied-à-terre tax is now in force, as detailed in recent Bloomberg coverage examining how the new surcharge is reshaping the landscape for high-value second-home owners. The article highlights the limited availability of workarounds, the practical challenges of compliance, and the early strategies being explored by taxpayers. Hodgson Russ partner Timothy Noonan offers perspective on how narrowly the rules may operate in practice and the importance of meeting the law’s specific requirements.

Following up on our June 16 alert, “New York Piggybacking Provision Extension Advances to Governor’s Desk,” the piggybacking extension advanced by Legislative Bill S.10075-A/A.11162-A has officially been signed into law by Governor Hochul as of June 29, 2026. The new law ensures that piggybacking will remain a permissible alternative to the public bidding process for another year. This latest extension will expire on June 30, 2027.

Decisions from the United States Supreme Court related to Title 11 of the United States Code (the “Bankruptcy Code”) are not abundant by any means. As courts throughout the country have noted, “[b]ankruptcy is a specialized area of the law.” Because “[b]ankruptcy courts are specialized courts,” it is not beyond reason that great deference is given to their decisions and interpretations of the Bankruptcy Code; thus obviating frequent resort to review by America’s highest court. Notwithstanding, the historical landscape of bankruptcy law is pockmarked with landmark decisions of the Supreme Court that, among other things, settle circuit splits or define the outer limits of a bankruptcy court’s jurisdiction and authority.

On May 13, 2026, the Centers for Medicare & Medicaid Services (CMS) issued a nationwide moratorium on Home Health Agencies and Hospices enrolled in the Medicare program. This moratorium is substantially similar to CMS’s recent nationwide moratorium that went into effect on February 27, 2026, regarding new Medicare enrollments for Durable Medical Equipment suppliers (“DME Suppliers”). According to CMS, both moratoria were implemented to curtail fraud, waste, and abuse in the Medicare program among these providers and suppliers (collectively, “Providers”).