Possible scenario
Administrative Cure
20% Chance
Rather than risk a longer appellate fight, New York City and state lawmakers move to cure the rollout defects through revised Department of Finance procedures or clarifying legislation. This preserves the tax while reducing the chance of refunds or a broader legal defeat.
Portfolio impact
S&P 500-0.0%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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