COVID Tax Implications - NYC
Given the impact of COVID, a lot of NYC residents have left NYC to live with family / friends outside of NYC. Given that NYC has a rule that if you live in NYC for more than half the year, you are subject to the NYC income tax, do people who have been out of the city for more than 6 months qualify for this, even though their address may still be NYC? If they're in another state, are they expect from NY State tax, and would have to pay the state tax of the state they're living in?
Kind of an interesting dynamic, especially with lots of Wall Streeters not in NYC this year. It would probably wreck the city's budget.