> The bill exempts the following categories:

> The primary residence of at least one owner.

> The primary residence of a parent or child of at least one owner.

> Cooperative and condominium units that are appraised at less than $5 million in the previous three years.

> Properties and dwelling units that are rented to a NYC primary resident.

(https://comptroller.nyc.gov/reports/the-pied-a-terre-tax-and...)