Bulletin: NJ2022006

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Bulletin: NJ2022006

Bulletin Document
V 4
Date: June 16, 2022
To: All New Jersey Issuing Offices
RE: RATES AND/OR FORMS UPDATE - RTF-1 and RTF-1EE Form Update

Dear Associates:

Please be advised that the RTF-1 and RTF-1EE forms have been updated by the State of New Jersey effective as of March 2, 2022. The changes relate to an addition of sections related to intercompany transfers and combined group members that file a New Jersey combined return. Please make sure to update your form directories and always use the most current forms for all transactions.

  • The RTF-1 now contains a new Section #8 and corresponding Paragraph #15 in the Instructions Page.
  • The RTF-1EE now contains a new Section #2(B) and corresponding Paragraph #13 in the Instructions Page.

As stated in both new forms, transfers of real property that are intercompany transfers between combined group members filing a New Jersey combined return as part of the unitary business of the combined group are exempt from the grantor and grantee fees. Transfers must indicate the combined group NU identification number assigned by the Division of Taxation. If the NU number has not been assigned for any reason, then the RTF must be paid and a refund may be applied for under certain circumstances. Please review the Instruction Sections of both forms for full details.

Current versions of these forms, and all other New Jersey tax forms, can be found by clicking  here.

If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.

For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.

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:
  • None
Related Bulletins:
  • None
Underwriting Manual:
  • None
Exceptions Manual:
  • None
Forms:
  • None