Rhode Island Proposes "Taylor Swift Tax" on Millionaire Homeowners Who Don't Live in Their Mansions Full-Time.

Rhode Island is proposing a "Taylor Swift tax" targeting vacation homeowners who live in their $1 million+ residences part-time. The state aims to levy a surcharge on properties valued over $1 million if they remain vacant for half the year. Taylor Swift's $17 million Watch Hill home could face an additional $136,000 in taxes. The tax is intended to fund affordable housing and encourage second-homeowners to spend more time in their properties.