Bulletin: NY000307

Date:
April 03, 2007
To:
All New York State Office Counsel, Managers and Agents
RE:
New NYS Transfer Tax forms (TP-584)
The New York State Department of Taxation and Finance has issued an email sent generally to County Recorders advising them that Forms TP-584 and TP-584-REIT have revised with the new Forms being dated March 2007.

The Department advises recording offices as follows:

"The Tax Department has recently revised Form TP-584, Combined Real Estate Transfer Tax Return, Credit Line Mortgage Certificate, and Certificate of Exemption from the Payment of Estimated Personal Income Tax and Form TP-584-REIT, Combined Real Estate Transfer Tax Return, Credit Line Mortgage Certificate for Real Estate Investment Trust Transfers.   The revised forms have a print date of (3/07).  PDF versions of these forms are attached.

"The modifications are minor and you may continue to accept Form TP-584 with a print date of (11/04) and Form TP-584-REIT with a print date of (4/06) for purposes of recording a deed or other instruments effecting the conveyance of real property.   You should, however, destroy any remaining supplies of these forms you have on hand and begin distributing the revised forms to the public when you receive your new supply..."

The forms may be downloaded at http://www.tax.state.ny.us/.

If you have any questions, contact Agency Legal Services at (212) 922-0050.

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References

Bulletins Replaced:
NY000131 Revised TP-584; Revised TP-584.1; and Form TP-584.2
 
NY000211 NYS Tax Law Section 663; Payment of Estimated Personal Income Tax; Changes to NYS Department of Taxation and Finance Form TP-584
 
NY000240 New TP-584 (11/04) Form; 2005 Forms for IT-2663 and 2664; MT-15
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None