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Tax Watch

John and Laura Barker live in Connecticut but own a house in Napeague. In January, New York State decided they were NY residents and ordered them to pay more than $1 million in back taxes on all their income. Today, the Wall Street Journal reports on some new legislation that's been introduced to clarify the rules and minimize the impact on the second-home market. Until then, everyone should keep track of the number of days they set foot in the state! [Wall Street Journal]