THE CITY OF NEW YORK DEPARTMENT OF FINANCE
|
|
- Brice Erick Elliott
- 5 years ago
- Views:
Transcription
1 THE CITY OF NEW YORK DEPARTMENT OF FINANCE Claiming a New York City Real Property Transfer Tax Exemption for Transfers to or from Housing Development Fund Companies (HDFC) Interim Solution for using ACRIS to create NYC-RPT This memorandum provides instructions for claiming a new Real Property Transfer Tax ( RPTT ) exemption for transfers of real property subject to certain affordable housing restrictions. Beginning August 19, 2016, taxpayers may be eligible to claim a full or partial Real Property Transfer Tax exemption for transfers of real property, or economic interests therein, to or from Housing Development Fund Companies, or entities in which a Housing Development Fund Company owns a controlling interest (collectively known as an HDFC Transfer ) under Section (b)(9) of the Administrative Code of the City of New York (the HDFC Exemption ). If an HDFC Transfer satisfies the statutory exemption criteria, the HDFC Exemption reduces the consideration subject to tax in proportion to the floor area that is restricted to the purchase, lease, license or other use by Persons and Families of Low Income (as defined by Section 2 of the Private Housing Finance Law). The HDFC Exemption may be claimed if: (1) the transfer is an HDFC Transfer; (2) at the time of conveyance, the property is bound by a regulatory agreement with the State of New York, a municipal corporation (i.e., the City of New York), or any other public corporation created by or pursuant to any law of the State of New York (for example, the New York City Housing Development Corporation); and (3) the regulatory agreement (a) binds the property for 30 years or more, (b) requires mutual consent for revocation or amendment, (c) restricts more than 50% of the floor area, other than common areas, to residential real property, and (d) restricts at least 66-2/3% of the residential real property to purchase, lease, license or other use by Persons or Families of Low Income. If the regulatory agreement restricts less than 100% of the floor area, other than common areas, to purchase, lease, license or other use by Persons or Families of Low Income, then tax applies to the consideration in proportion to the floor area that is unrestricted. This memorandum includes a sample worksheet for determining and calculating the exemption below. Taxpayers must complete and submit a worksheet with the same information as the sample worksheet, in accordance with the instructions below, for each NYC- RPT that claims an HDFC Exemption. Taxpayers must also include (I) the regulatory agreement, and (II) if applicable, organizational documents that show the HDFC s controlling ownership interest in any non- HDFC transferor or transferee (together with the worksheet, described in this memorandum as the HDFC Supporting Documents ). 12/23/16
2 Page 2, Claiming a New York City Real Property Transfer Tax Exemption The HDFC Exemption is retroactive to January 1, 2010, which means that it may apply to HDFC Transfers occurring on or after that day, as long as the limitations period for assessment or refund, as applicable, has not yet expired. The New York City Department of Finance may assess additional tax within three years from the date the return is filed, and no time restriction applies in cases of non-filing or fraud. Taxpayers have one year from the date tax is paid to request refunds, except that a modified period for claiming refunds applies for purposes of this exemption, as more fully explained below. This memorandum also contains instructions for requesting a refund on the basis of the HDFC Exemption. Some HDFC Transfers may not have a regulatory agreement in place at the time of transfer, but the property owners may subsequently obtain a regulatory agreement. In that case, RPTT is due on the total consideration subject to tax, but DOF will grant a refund if (1) the transferred real property is made subject to a regulatory agreement that meets the requirements of the HDFC Exemption within two years from the date of the conveyance or transfer, and (2) a refund is claimed within one year of the effective date of the regulatory agreement. Refund requests must also include the HDFC Supporting Documents, in accordance with the instructions below for claiming a refund.
3 Page 3, Claiming a New York City Real Property Transfer Tax Exemption First Scenario: Claiming Exemption at Time of Transfer Step 1 Complete a worksheet containing the same information as the sample worksheet below to determine whether you meet the criteria for the HDFC Exemption, and if so, to calculate the HDFC Exemption. If you meet the criteria and want to claim the HDFC Exemption, go to Step 2. HDFC Exemption Analysis - Administrative Code (b)(9) Checklist Transfer by or to HDFC (or an entity in which the HDFC owns a controlling interest) Regulatory Agreement HPD, HDC, NYS or other NYC or NYS agency or public corporation is the counterparty Mutual consent for revocation or amendment Restricts some portion of the residential floor space to purchase, lease, license or use by Persons or Families of Low Income Restriction extends for 30 years or more (If one or more of these criteria are not met, STOP. You are not eligible for the HDFC exemption.) Floor Areas (See next page for definitions) 1. Total Floor area 2. Common Floor Area 3. Adjusted Total Floor Area (subtract Common Floor Area) 4. Residential Floor Area 5. Low-Income Residential Floor Area Exemption Thresholds 6. Residential Floor Area-% of Adjusted Floor Area (Divide line 4 by line 3. If 50% or less, STOP. You are not eligible for the HDFC Exemption.) 7. Low-Income Residential Floor Area-% of Residential Floor Area (Divide line 5 by line 4. If less than 66-2/3%, STOP. You are not eligible for the HDFC Exemption.) Exemption Percentage 8. Low-Income Residential Floor Area-% of Adjusted Floor Area (Divide line 5 by line 3) Consideration Total Consideration Exemption Total Consideration * Line 8 Exemption Percentage (Enter on NYC-RPT Line 2, Schedule 2) Y/N Square Feet Percentage Percentage Amount Amount
4 Page 4, Claiming a New York City Real Property Transfer Tax Exemption Total Floor Area is defined as the floor area within the exterior walls of a building, exclusive of vent shafts and courts but without deduction for Common Areas. Residential Floor Area is the portion of the Total Floor Area restricted to residential uses under the Regulatory Agreement, other than Common Areas. Low Income Residential Floor Area is the portion of the Residential Floor Area restricted to purchase, lease, license or other use by Persons or Families of Low Income under the Regulatory Agreement. Common Areas are all parts of the property necessary or convenient to its existence, maintenance and safety, or normally in common use (other than the portion restricted to purchase, lease, license, or other private use) such as: (a) halls, corridors, lobbies, stairs, stairways, fire escapes, and entrances and exits of the building; (b) the basements, cellars, yards, gardens, recreational or community facilities, parking areas and storage spaces; (c) the premises for the lodging or use of janitors and other persons employed for the operation of the property; (d) Central and appurtenant installations for services such as power, light, gas, hot and cold water, heating, refrigeration, air conditioning and incinerating; (e) the elevators, escalators, and in general all apparatus and installations existing for common use; (f) such facilities as may be designated as common areas in the agreements covering the use of the building, and in each case made available or used by Persons or Families of Low Income. Persons of Low Income and Families of Low Income are defined in Article I, Section 2 of the Private Housing Finance Law, which states Persons or families who are in the low income groups and who cannot afford to pay enough to cause private enterprise in their municipality to build a sufficient supply of adequate, safe and sanitary dwellings. Regulatory Agreement shall mean an agreement with the State of New York, a municipal corporation, or any other public corporation created by or pursuant to any law of the State of New York, in particular, the NYC Department of Housing Preservation and Development, the NYC Housing Development Corporation, and/or the NYS Department of Homes and Community Renewal, which restricts the use of a property or a portion thereof to Persons or Families of Low Income.
5 Page 5, Claiming a New York City Real Property Transfer Tax Exemption Step 2 On the ACRIS TAX FORMS / COVER PAGE menu screen, select New Tax Forms and then complete all NYC-RPT tabs/screens as normal EXCEPT: A. General Info Property Information tab: On the Property Type drop down list, select HDFC EXEMPTION PROPERTY as shown below:
6 Page 6, Claiming a New York City Real Property Transfer Tax Exemption B. Schedule 1 Details of Consideration: No changes enter all of the Consideration details. For example, if the FULL Consideration is $10,000, Cash and the calculated HDFC Exemption is $4,000,000.00, enter $10,000, on line 1 as shown below.
7 Page 7, Claiming a New York City Real Property Transfer Tax Exemption C. Schedule 2 Computation of Tax No changes EXCEPT enter the amount of the HDFC Exemption as calculated on the HDFC Exemption Analysis Worksheet (see Step 1) on Line 2. Excludable Liens. As shown below, using the same example, Line 1 Total Consideration is automatically populated with the $10,000, Consideration. Enter the $4,000,000 calculated exemption in the Line 2 Excludable liens field:
8 Page 8, Claiming a New York City Real Property Transfer Tax Exemption Step 3 When bringing the NYC-RPT into the ACRIS Cover Page on the Supporting Document tab, the NEW Supporting Document entitled HDFC EXEMPTION SUPPORTING DOCUMENTATION will be checked. You must enter a page count that is one or more for this supporting document and submit all required information with the RPT. The REQUIRED Supporting Document consists of the HDFC Supporting Documents (as defined above).
9 Page 9, Claiming a New York City Real Property Transfer Tax Exemption Claiming Refund for Exemption subsequent to filing NYC-RPT without Exemption Step 1 Complete a worksheet containing the same information as the sample worksheet below to determine whether you meet the criteria for the HDFC Exemption, and if so, to calculate the HDFC Exemption. If you meet the criteria and want to claim a refund for the HDFC Exemption, go to Step 2. HDFC Exemption Analysis - Administrative Code (b)(9) Checklist Transfer by or to HDFC (or an entity in which the HDFC owns a controlling interest) Regulatory Agreement HPD, HDC, NYS or other NYC or NYS agency or public corporation is the counterparty Mutual consent for revocation or amendment Restricts some portion of the residential floor space to purchase, lease, license or use by Persons or Families of Low Income Restriction extends for 30 years or more (If one or more of these criteria are not met, STOP. You are not eligible for the HDFC exemption.) Floor Areas (See next page for definitions) 9. Total Floor area 10. Common Floor Area 11. Adjusted Total Floor Area (subtract Common Floor Area) 12. Residential Floor Area 13. Low-Income Residential Floor Area Exemption Thresholds 14. Residential Floor Area-% of Adjusted Floor Area (Divide line 4 by line 3. If 50% or less, STOP. You are not eligible for the HDFC Exemption.) 15. Low-Income Residential Floor Area-% of Residential Floor Area (Divide line 5 by line 4. If less than 66-2/3%, STOP. You are not eligible for the HDFC Exemption.) Exemption Percentage 16. Low-Income Residential Floor Area-% of Adjusted Floor Area (Divide line 5 by line 3) Consideration Total Consideration Exemption Total Consideration * Line 8 Exemption Percentage (Enter on NYC-RPT Line 2, Schedule 2) Y/N Square Feet Percentage Percentage Amount Amount Total Floor Area is defined as the floor area within the exterior walls of a building, exclusive of vent shafts and courts but without deduction for Common Areas.
10 Page 10, Claiming a New York City Real Property Transfer Tax Exemption Residential Floor Area is the portion of the Total Floor Area restricted to residential uses under the Regulatory Agreement, other than Common Areas. Low Income Residential Floor Area is the portion of the Residential Floor Area restricted to purchase, lease, license or other use by Persons or Families of Low Income under the Regulatory Agreement. Common Areas are all parts of the property necessary or convenient to its existence, maintenance and safety, or normally in common use (other than the portion restricted to purchase, lease, license, or other private use) such as: (a) halls, corridors, lobbies, stairs, stairways, fire escapes, and entrances and exits of the building; (b) the basements, cellars, yards, gardens, recreational or community facilities, parking areas and storage spaces; (c) the premises for the lodging or use of janitors and other persons employed for the operation of the property; (d) Central and appurtenant installations for services such as power, light, gas, hot and cold water, heating, refrigeration, air conditioning and incinerating; (e) the elevators, escalators, and in general all apparatus and installations existing for common use; (f) such facilities as may be designated as common areas in the agreements covering the use of the building, and in each case made available or used by Persons or Families of Low Income. Persons of Low Income and Families of Low Income are defined in Article I, Section 2 of the Private Housing Finance Law, which states Persons or families who are in the low income groups and who cannot afford to pay enough to cause private enterprise in their municipality to build a sufficient supply of adequate, safe and sanitary dwellings. Regulatory Agreement shall mean an agreement with the State of New York, a municipal corporation, or any other public corporation created by or pursuant to any law of the State of New York, in particular, the NYC Department of Housing Preservation and Development, the NYC Housing Development Corporation, and/or the NYS Department of Homes and Community Renewal, which restricts the use of a property or a portion thereof to Persons or Families of Low Income.
11 Page 11, Claiming a New York City Real Property Transfer Tax Exemption Step 2 On the ACRIS TAX FORMS / COVER PAGE menu screen, select New Tax Forms and then prepare a SECOND NYC-RPT in ACRIS and complete all tabs/screens as done on the ORIGINAL NYC-RPT EXCEPT: A. General Info Property Information tab: On the Property Type drop down list, select HDFC EXEMPTION PROPERTY:
12 Page 12, Claiming a New York City Real Property Transfer Tax Exemption B. Schedule 1 Details of Consideration: NO CHANGES: Enter the FULL Consideration as entered on the ORIGINAL RPT. For example, if the FULL Consideration is $10,000, Cash and the calculated HDFC Exemption is $4,000,000.00, enter the $10,000, on line 1 as shown below.
13 Page 13, Claiming a New York City Real Property Transfer Tax Exemption C. Schedule 2 Computation of Tax No changes EXCEPT: i. Enter the amount of the HDFC Exemption as calculated on the HDFC Exemption Analysis Worksheet (see Step 1) on Line 2. Excludable Liens. ii. Enter on Line 8. Credit, the tax due from Schedule 2 Line 9 of the ORIGINAL NYC-RPT that was filed without claiming the HDFC Exemption. iii. Check Exempt from filing fee below line 13. As shown below, using the same example, Line 1 Total Consideration is automatically populated with the $10,000, Total Consideration from Schedule 1. Enter $4,000,000 in the Line 2 Excludable Lien field. When you click Calculate Taxes, Line 14 Total Remittance Due will be calculated as $0.00.
14 Page 14, Claiming a New York City Real Property Transfer Tax Exemption Step 3 When complete, select Pay Tax for Unrecorded Transfer on the ACRIS TAX FORMS / COVER PAGE menu screen and then: A. On the Document tab, select Document Class = OTHER DOCUMENTS and select Document Type = NYC REAL PROPERTY TRANSFER TAX. B. On the Cross Reference tab, enter the CRFN or Document ID of the ACRIS document with which the original NYC-RPT was filed. C. When bringing the NYC-RPT into ACRIS Cover Page, on the Supporting Document tab, the NEW Supporting Document entitled HDFC EXEMPTION SUPPORTING DOCUMENTATION will be checked. You must enter a non-zero page count for this supporting document and submit all required information with the RPT. The REQUIRED Supporting Document consists of HDFC Supporting Documents (as defined above).
15 Page 15, Claiming a New York City Real Property Transfer Tax Exemption Step 4 Complete the Application for a Partial Refund of the Real Property Transfer Tax paid for an HDFC Exemption.
FYI For Your Information
TAXPAYER SERVICE DIVISION FYI For Your Information Gross Conservation Easement Credit OVERVIEW An income tax credit is available for tax years beginning on or after January 1, 2000, for the donation of
More informationSec. 1. This article applies to property if: (1) the sole owner of the property; or (2) all of the owners of the property;
IC 32-25 ARTICLE 25. CONDOMINIUMS IC 32-25-1 Chapter 1. Application of Law IC 32-25-1-1 Application of law Sec. 1. This article applies to property if: (1) the sole owner of the property; or (2) all of
More informationAPPENDIX 2. Chapter 8D. COOPERATIVES
APPENDIX 2. Chapter 8D. COOPERATIVES ARTICLE 1. INTRODUCTORY PROVISIONS Section 46:8D-1 Cooperative Recording Act. 46:8D-2 Legislative findings and declaration. 46:8D-3 Definitions. 46:8D-4 County recording
More informationLexisNexis Montana Code Annotated > Title 70 Property > Chapter 23 Unit Ownership Act Condominiums. Chapter 23 Unit Ownership Act Condominiums
Title 70, Ch. 23, MCA Note > Title 70 Property > Chapter 23 Unit Ownership Act Condominiums Chapter 23 Unit Ownership Act Condominiums Title 70, Ch. 23, Pt. 1, MCA Note > Title 70 Property > Chapter 23
More informationDEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT. Notice of Public Hearing and Opportunity to Comment on Proposed Rules
DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT Notice of Public Hearing and Opportunity to Comment on Proposed Rules What are we proposing? The Department of Housing Preservation and Development (
More informationNC General Statutes - Chapter 47A 1
Chapter 47A. Unit Ownership. Article 1. Unit Ownership Act. 47A-1. Short title. This Article shall be known as the "Unit Ownership Act." (1963, c. 685, s. 1; 1983, c. 624, s. 2.) 47A-2. Declaration creating
More informationTHE HARYANA APARTMENT OWERSHP ACT, (Haryana Act No. 10 of 1983)
THE HARYANA APARTMENT OWERSHP ACT, 1983 (Haryana Act No. 10 of 1983) Table of Contents Sections: 1.Short Title and Commencement. 2. Application of Act. 3. Definitions. 4. Status of apartments. 5. Ownership
More informationThis chapter shall be known and may be cited as the "Unit Property Act." (25 Del. C. 1953, 2201; 54 Del. Laws, c. 282.)
DELAWARE 2201. Short title. This chapter shall be known and may be cited as the "Unit Act." (25 Del. C. 1953, 2201; 54 Del. Laws, c. 282.) 2202. Definitions. The following words or phrases, as used in
More informationREAL PROPERTY TRANSFER TAX DECLARATION INSTRUCTIONS
City of Chicago Department of Finance REAL PROPERTY TRANSFER TAX DECLARATION INSTRUCTIONS (Form 7551) 1.1 Property Address: This section must be completed. The property address is the address on record
More informationSenate Bill 1051 Sponsored by Senator BOQUIST (at the request of Tracy Lang)
th OREGON LEGISLATIVE ASSEMBLY--0 Regular Session Senate Bill Sponsored by Senator BOQUIST (at the request of Tracy Lang) SUMMARY The following summary is not prepared by the sponsors of the measure and
More informationInstructions for Form NYC-RPT Real Property Transfer Tax Return
Instructions for Form NYC-RPT Page 1 Instructions for Form NYC-RPT Real Property Transfer Tax Return IMPORTANT 1. Always submit pages 1-4 of the return. Attach Schedules A through H, Schedule M and Schedule
More informationWinTar-Tenant Accts Receivable User' s Guide
WinTar-Tenant Accts Receivable User' s Guide Copyright HAB INC June 2009 All Rights Reserved Revised August 2011 2 P a g e 3 P a g e WinTAR Users Guide Table of Contents WinTAR Users Guide... 4 Table of
More informationHomeland Energy Solutions, LLC. Unit Transfer Application
Homeland Energy Solutions, LLC Unit Transfer Application A. General Instructions. 1. The person or entity transferring the units of Homeland Energy Solutions, LLC ( Transferor ) and the person or entity
More informationCHAPTER 10 ARTICLE II DIVISION 2: MINIMUM STANDARDS
CHAPTER 10 ARTICLE II DIVISION 2: MINIMUM STANDARDS Sec. 10-56. Fitness for dwelling, dwelling units. Every dwelling and dwelling unit intended for use as a human habitation, occupancy or use, or held
More informationASSEMBLY, No STATE OF NEW JERSEY. 218th LEGISLATURE INTRODUCED FEBRUARY 1, 2018
ASSEMBLY, No. STATE OF NEW JERSEY th LEGISLATURE INTRODUCED FEBRUARY, 0 Sponsored by: Assemblyman DANIEL R. BENSON District (Mercer and Middlesex) Co-Sponsored by: Assemblyman Giblin SYNOPSIS Prohibits
More informationCapital One Escrow Express SM Reference Guide
Capital One Escrow Express SM Reference Guide Table of Contents Overview 2 Accessing Capital One Escrow Express 2 About the Capital One Escrow Express Menu 4 About the Master Account Summary 5 Creating
More informationDATA-ENTRY EXAMPLES FOR HOME OFFICES UltraTax/1040
DATA-ENTRY EXAMPLES FOR HOME OFFICES UltraTax/1040 Introduction... 1 Example Entering home office information in the asset module... 1 Results... 5 Figure 5: Example 1 Form 8829 for Home Office 1... 6
More informationREAL PROPERTY TRANSFER TAX DECLARATION
City of Chicago Department of Finance REAL PROPERTY TRANSFER TAX DECLARATION (Form 7551) This manual is meant to assist the Taxpayer in the basic preparation of the 7551 Real Property Transfer Tax Declaration
More informationChapter 8. LEASING AND INSPECTIONS [24 CFR 5, Subpart G; 24 CFR 966, Subpart A]
Chapter 8 LEASING AND INSPECTIONS [24 CFR 5, Subpart G; 24 CFR 966, Subpart A] INTRODUCTION Public housing leases are the contractual basis of the legal relationship between the PHA and the tenant. All
More informationPURCHASE APPLICATION FOR EASTERN RAIL YARD TRANSFERABLE DEVELOPMENT RIGHTS DATA SHEET. Applicant Information Name: Address:
PURCHASE APPLICATION FOR EASTERN RAIL YARD TRANSFERABLE DEVELOPMENT RIGHTS DATA SHEET Application Date: Applicant Information Address: Phone Number: E-mail Address: T.I.N. Primary Contact Person Title:
More informationNorth Dakota Condo Laws. 1. "Common areas" means the entire project excepting all units therein granted or reserved.
North Dakota Condo Laws West's North Dakota Century Code Annotated Title 47. Property Chapter 47-04.1. Condominium Ownership of Real Property 47-04.1-01. Definitions In this chapter, unless context otherwise
More informationHOUSING CHOICE VOUCHER PROGRAM
HOUSING CHOICE VOUCHER PROGRAM What is the Housing Choice Voucher (HCV) Program? Who is eligible for the program? How does the program work? Housing Choice Voucher Program The Housing Choice Voucher (HCV)
More informationFirst Time Home Buyers Program Property Transfer Tax
Bulletin PTT 004 www.gov.bc.ca/sbr ISSUED: March 1994 REVISED: February 2008 First Time Home Buyers Program Property Transfer Tax This bulletin provides specific tax information to help first time home
More informationGuide to Section 8 Project-Based Housing
There are a number of Section 8 project-based rental units in the City of Philadelphia. These units are subsidized for low and moderate income tenants. The subsidy is funded by the U.S. Department of Housing
More informationHomeowner s Exemption (HOE)
Homeowner s Exemption (HOE) Table of Contents CHEAT SHEETS... 3 Add HOE to a Parcel...3 Edit HOE Record...3 Remove HOE from a Parcel...3 Find the HOE Amount...3 Who is getting the exemption?...4 New Application
More informationGUIDELINES FOR COMPLYING WITH THE CITY OF SAN JOSE INCLUSIONARY HOUSING POLICY IN REDEVELOPMENT PROJECT AREAS. July 1, 2007
GUIDELINES FOR COMPLYING WITH THE CITY OF SAN JOSE INCLUSIONARY HOUSING POLICY IN REDEVELOPMENT PROJECT AREAS July 1, 2007 Index I. Introduction II. Inclusionary Housing Compliance Plan III. Income Limits
More informationAdd a Step Lease Agreement to an Active Listing
Add a Step Lease Agreement to an Active Listing Follow the steps in this guide to add a step lease agreement to a Commercial Lease Listing in dash. Security Role Prerequisite: Only users with Brokerage
More informationFirst Time Home Buyers Program Property Transfer Tax
Bulletin PTT 004 REVISED: FEBRUARY 2003 UPDATED: FEBRUARY 2005 First Time Home Buyers Program Property Transfer Tax Effective February 16, 2005 First Time Home Buyers Program threshold increases The First
More informationTaxNewsFlash. Proposed bonus depreciation regulations and 2018 filing season: Opportunities and pitfalls
TaxNewsFlash United States No. 2018-311 August 10, 2018 Proposed bonus depreciation regulations and 2018 filing season: Opportunities and pitfalls The U.S. Treasury Department and IRS on August 3, 2018,
More informationNew Code Amendments/Summary
January 2014 New Code Amendments/Summary The New York State Division of Housing and Community Renewal ( DHCR ) adopted amendments to the Rent Stabilization Code ( RSC ), Tenant Protection Regulations (that
More informationPROJECT-BASED ASSISTANCE HOUSING CHOICE VOUCHER PROGRAM HOUSING ASSISTANCE PAYMENTS CONTRACT EXISTING HOUSING
U.S. Department Of Housing And Urban Development Office of Public and Indian Housing PROJECT-BASED ASSISTANCE HOUSING CHOICE VOUCHER PROGRAM HOUSING ASSISTANCE PAYMENTS CONTRACT EXISTING HOUSING PREPARATION
More informationMississippi Condo Statutes
Mississippi Condo Statutes West's Annotated Mississippi Code Title 89. Real and Personal Property Chapter 9. Condominiums 89-9-1. Short title This chapter shall be known and may be cited as the "Mississippi
More informationSummary. April 14, 2009
Summary Husband and wife jointly own a condominium which they wish to convey to their joint trust. The condo is encumbered by a mortgage. Under s. 201.02, F.S., if a mortgage encumbers real property that
More informationOregon Condominium Laws Chapter 100 Condominiums 2013 EDITION
Oregon Condominium Laws Chapter 100 Condominiums 2013 EDITION CONDOMINIUMS PROPERTY RIGHTS AND TRANSACTIONS GENERAL PROVISIONS 100.005 Definitions 100.010 Short title 100.015 Rules 100.020 Condominium
More informationNew York Condo Statutes
New York Condo Statutes McKinney's Consolidated Laws of New York Annotated Real Property Law Chapter 50. Of the Consolidated Laws Article 9-B. Condominium Act 339-d. Short title This article shall be known
More informationResidential Customers shall be charged a SAF based on the SAF meter size as listed below: SAF Fee Schedule Table. System Availability Fee
System The System (SAF) is one-time fee assessed only on new development projects that requires a new potable water and sanitary sewer connection and renovation or redevelopment projects for existing connections
More informationTony Gioventu, CRT Strata Committee Chair
Tony Gioventu, CRT Strata Committee Chair The Solution Explorer The objective: a barrier free public access resource to enable strata owners, tenants, occupants, councils and property managers using an
More informationRATE AND METHOD OF APPORTIONMENT FOR CASITAS MUNICIPAL WATER DISTRICT COMMUNITY FACILITIES DISTRICT NO (OJAI)
RATE AND METHOD OF APPORTIONMENT FOR CASITAS MUNICIPAL WATER DISTRICT COMMUNITY FACILITIES DISTRICT NO. 2013-1 (OJAI) A Special Tax shall be levied on all Assessor s Parcels of Taxable Property in Casitas
More information2018/2019 Property Tax Exemption Application
2018/2019 Property Tax Exemption Application Property Tax Exemption Program for Low-Income Housing Held by Charitable, Nonprofit Organizations* Applications must be received at the City of Salem no later
More informationWhatʼs inside? What is the Tax Rate? Form NYC-RPT (Real Property Transfer Tax Return). Pages Who is exempt from the transfer tax?
NYC-RPT Form and Instructions Whatʼs inside? Form NYC-RPT (Real Property Transfer Tax Return). Pages 1-11 Smoke Detector Affidavit for one-and two-family dwellings. Page 12 Instructions for Form NYC-RPT.
More informationOBTAINING A CERTIFICATE OF OCCUPANCY FOR UNAPPROVED DWELLING UNITS
OBTAINING A CERTIFICATE OF OCCUPANCY FOR UNAPPROVED DWELLING UNITS A 2008 City Code amendment requires the owners of all rental dwelling units in the city to have a certificate of occupancy (CO) before
More informationTOURIST TRAFFIC ACTS Registration and Renewal of Registration Regulations for Hotels 2016
TOURIST TRAFFIC ACTS 1939-2011 Registration and Renewal of Registration Regulations for Hotels 2016 1 FÁILTE IRELAND in accordance with the powers conferred on it by Section 20 of the Tourist Traffic Acts
More informationTP-584-I. Instructions for Form TP-584. Summary of September 2003 Changes. Who must file. When and where to file. Instructions for Schedule A
New York State Department of Taxation and Finance TP-584-I Instructions for Form TP-584 (10/03) Combined Real Estate Transfer Tax Return, Credit Line Mortgage Certificate, and Certification of Exemption
More informationThe developers guide to Affordable Housing NY Program AKA the 421-a tax exemption
The developers guide to Affordable Housing NY Program AKA the 421-a tax exemption Introduction In April 2017, New York enacted a new version of the Real Property Tax Law 421-a known as the Affordable Housing
More informationAgent Quick Guide REGISTRATION & USE
Agent Quick Guide REGISTRATION & USE Register and set your preferences 1. Go to TrustFunds via the Matrix Home tab drop- down menu: Or via the External links box on the Matrix home screen: 2. TrustFunds
More informationin 2017 State of New York City s Subsidized Housing Funding for this report and for CoreData.nyc was provided by the New York City Council.
FACT BRIEF JUNE 2018 State of New York City s Subsidized Housing in 2017 Funding for this report and for CoreData.nyc was provided by the New York City Council. State of New York City s Subsidized Housing
More information2019 9% Competitive Housing Credit Application
2019 9% Competitive Housing Credit Application Application Checklist This checklist includes all the items from the CFA application and the LIHTC Addendum that are required for the 2019 9% Application
More informationTHE DELHI APARTMENT OWNERSHIP ACT, 1986 ARRANGEMENT OF SECTIONS
SECTIONS THE DELHI APARTMENT OWNERSHIP ACT, 1986 1. Short title, extent and commencement. 2. Application. 3. Definitions. ARRANGEMENT OF SECTIONS CHAPTER I PRELIMINARY CHAPTER II OWNERSHIP, HERITABILITY
More informationFor updates to publications, guides and forms, please refer to the Ministry of Finance, Tax Revenue Division, website at: www trd fin gov on ca For fu
A GUIDE FOR REAL ESTATE PRACTITIONERS Land Transfer Tax and the Electronic Registration of Conveyances of Land in Ontario This publication is intended as a guide only and is not a substitute for the provisions
More informationMaximum Assessed and Assessed Value
Chapter 13 Maximum Assessed and Assessed Value Maximum Assessed Value The assessor is required to calculate a maximum assessed value (MAV) for each property in the county in addition to maintaining real
More informationWithholding Requirements for Sales or Transfers of Real Property by Nonresidents
08/2008 Withholding Requirements for Sales or Transfers of Real Property by Nonresidents INDEX Introduction Act 2008-504.. Answers to Frequently Asked Questions.. List of Forms.. Forms.. Act 2008-504 INTRODUCTION
More informationWCMS User s Guide. Effective August, 2013
WCMS User s Guide Effective August, 2013 Your Computer s Settings: WCMS is currently compatible with Internet Explorer only using any other web browser such as Mozilla Firefox, Google Chrome, etc. may
More informationGST/HST New Residential Rental Property Rebate
GST/HST New Residential Rental Property Rebate Includes Forms GST524 and GST525 RC4231(E) Rev.06 Before you start What s new Effective July 1, 2006, under proposed legislation, the GST rate will be reduced
More informationChapter 8. LEASING AND INSPECTIONS [24 CFR 5, Subpart G; 24 CFR 966, Subpart A]
Chapter 8 LEASING AND INSPECTIONS [24 CFR 5, Subpart G; 24 CFR 966, Subpart A] INTRODUCTION Public housing leases are contracts and form the basis of the legal relationship between the DMMHA and the tenant.
More informationEFET. Credit Support Annex
Version 1.0/February, 2011 EFET European Federation of Energy Traders Amstelveenseweg 998 / 1081 JS Amsterdam Tel: +31 20 5207970 E-mail: secretariat@efet.org Webpage: www.efet.org Credit Support Annex
More informationHow to Participate. July 24, 2015
How to Participate July 24, 2015 Please read these User Instructions carefully. You are advised to practice using the website with the assistance of the online recorded Demos to acquire personal mastery
More informationKPMG report: Proposed bonus depreciation regulations and 2018 filing season: Opportunities and pitfalls
KPMG report: Proposed bonus depreciation regulations and 2018 filing season: Opportunities and pitfalls August 9, 2018 The U.S. Treasury Department and IRS on August 3, 2018, released for publication in
More informationCity of Racine - Application for Capital Projects Homeownership Housing Development General Instructions
City of Racine - Application for Capital Projects Homeownership Housing Development General Instructions The Common Application for Capital Projects Homeownership Housing must be used for applications
More informationElement Z General Design Requirements Owner Standards and Other Requirements
Definitions of Building Areas PART 1 - GENERAL 1.01 OVERVIEW A. The A/E shall submit an estimate for the project s Gross Area and Assignable Area with the Schematic Design Phase submission and shall submit
More informationAPARTMENT LEASE AGREEMENT
APARTMENT LEASE AGREEMENT This Apartment Lease Agreement ("Lease") is made and effective this day of, 201_ by and between Aguas Properties LLC. ("Landlord") and ("Tenant," whether one or more). This Lease
More informationChapter 8. LEASING AND INSPECTIONS [24 CFR 5, Subpart G; 24 CFR 966, Subpart A]
INTRODUCTION Chapter 8 LEASING AND INSPECTIONS [24 CFR 5, Subpart G; 24 CFR 966, Subpart A] Public housing leases are the contractual basis of the legal relationship between the HACB and the tenant. All
More informationU.S. Department of Housing and Urban Development Community Planning and Development
U.S. Department of Housing and Urban Development Community Planning and Development Special Attention of: Notice: CPD-18-02 All Regional Administrators All CPD Division Directors Issued: March 22, 2018
More informationACT Land Searches Client Reference Guide
1800 773 773 confirm@citec.com.au 1800 773 773 confirm@citec.com.au Innovative Information Solutions Page 2 of 15 Table of Contents 1 Main Menu... 4 2 Profiles... 6 3 ACT Lands Search selection... 8 3.1
More informationTHE MAHARASHTRA APARTMENT OWNERSHIP ACT, 1970
THE MAHARASHTRA APARTMENT OWNERSHIP ACT, 1970 MAHARASHTRA ACT NO. XV OF 1971 1 [Received the assent of the President on the 12 th day of February, 1971; assent was first published in the Maharashtra Government
More informationWeb Site:
State Of New York Division of Housing and Community Renewal Office of Rent Administration Gertz Plaza, 92-31 Union Hall Street Jamaica, New York 11433 Phone Number: (718) 739-6400 Web Site: www.dhcr.state.ny.us
More informationApproved Document B Single stairways - Residential uses Part 1
Approved Document B 2006 - Single stairways - Residential uses Part 1 The three most significant changes for small fore storey single stairway residential buildings in the new Approved Document B 2006
More informationMODEL LEASE FOR SUBSIDIZED PROGRAMS
MODEL LEASE FOR SUBSIDIZED PROGRAMS 1. Parties and Dwelling Unit: The parties to this agreement are,, referred to as the Landlord, and referred to as the Tenant. The Landlord leases to the Tenant(s) unit
More informationTHIS COMMUNITY LAND TRUST GROUND LEASE RIDER (the Rider ) is made this day of,, and amends and supplements a certain ground lease (the CLT Ground
Form 490 Community Land Trust Ground Lease Rider THIS COMMUNITY LAND TRUST GROUND LEASE RIDER (the Rider ) is made this day of,, and amends and supplements a certain ground lease (the CLT Ground Lease
More informationMSC Guidelines for Review of Means of Escape (Subchapter H)
S. E. HEMANN, CDR, Chief, Hull Division Purpose The purpose of the Plan Review Guideline is to provide the submitter with general guidance and information for the preparation and submission of Means of
More informationHOW TO ENTER AND REMOVE BOOKING DEPOSITS IN HART PMS
HOW TO ENTER AND REMOVE BOOKING DEPOSITS IN HART PMS HOW TO ENTER BOOKING DEPOSITS IN HART PMS: All booking types in HART PMS allow the user to enter deposits for them. In order to enter a deposit, the
More informationThe New Starts Grant and Affordable Housing A Roadmap for Austin s Project Connect
The New Starts Grant and Affordable Housing A Roadmap for Austin s Project Connect Created for Housing Works by the Entrepreneurship and Community Development Clinic at the University of Texas School of
More information1 ORDINANCE 4, AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PALM 5 BEACH GARDENS, FLORIDA AMENDING CHAPTER TAXATION.
1 ORDINANCE 4, 2013 2 3 4 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PALM 5 BEACH GARDENS, FLORIDA AMENDING CHAPTER 66. 6 TAXATION. BY CREATING A NEW ARTICLE VI. ENTITLED 7 ECONOMIC DEVELOPMENT AD
More informationLandlord Guide to Housing Choice Voucher Program
Landlord Guide to Housing Choice Voucher Program This guide is designed to provide property owners and managers with information about participation in the Housing Choice Voucher Program. Overview The
More informationA Complete Guide to Creating a Tenancy
A Complete Guide to Creating a Tenancy 1 This guide initially describes all the steps that will need to be in place prior to a tenancy being created. To Create Instruction: Area Applicant Property Landlord
More informationHow Tax Reform Affects Bonus Depreciation & Cost Recovery. Agenda
How Tax Reform Affects Bonus Depreciation & Cost Recovery 1 Agenda Lower tax rate considerations Changes to 15-year qualified property Changes to qualified improvement property Changes to bonus depreciation
More informationASSEMBLY, No. 477 STATE OF NEW JERSEY. 216th LEGISLATURE PRE-FILED FOR INTRODUCTION IN THE 2014 SESSION
ASSEMBLY, No. STATE OF NEW JERSEY th LEGISLATURE PRE-FILED FOR INTRODUCTION IN THE 0 SESSION Sponsored by: Assemblyman JERRY GREEN District (Middlesex, Somerset and Union) SYNOPSIS Permits liens in favor
More informationTable of Contents. A. Introduction B. Eight Steps To Establish A Lease C. Program Information Exhibit 1. Rental Voucher (HUD 52646)
1 Table of Contents A. Introduction... 2 B. Eight Steps To Establish A Lease... 4 C. Program Information... 7 Exhibit 1. Rental Voucher (HUD 52646) Exhibit 2. Utility Allowance Schedule (HUD 52667) Exhibit
More informationPART 1 Withholding Tax on the Sale of Real Property by Nonresidents
280-RICR-20-10-1 TITLE 280 DEPARTMENT OF REVENUE CHAPTER 20 DIVISION OF TAXATION SUBCHAPTER 10 PERSONAL INCOME TAX PART 1 Withholding Tax on the Sale of Real Property by Nonresidents 1.1 Purpose The purpose
More informationREPUBLIC ACT NO AN ACT TO DEFINE CONDOMINIM, ESTABLISH REQURIEMENTS FOR ITS CREATION, AND GOVERN ITS INCIDNETS
REPUBLIC ACT NO. 4726 AN ACT TO DEFINE CONDOMINIM, ESTABLISH REQURIEMENTS FOR ITS CREATION, AND GOVERN ITS INCIDNETS SECTION 1. The short title of this Act shall be The Condominium Act. SECTION 2. A condominium
More informationListing Load Manual. for. Staff
Listing Load Manual for Staff 1 Listing Load Listing Load is the module that allows you to add a new listing, change listing information and make contractual changes such as status or price at any time
More informationUnit Transfer Policy
Unit Transfer Policy Effective April 20, 2015 1. Introduction. This Unit Transfer Policy ( Policy ) of Southwest Iowa Renewable Energy, LLC ( SIRE we or us ) is effective as of April 20, 2015. This Policy
More informationCHAPTER 16 ELECTRICAL CODE PAGE NO.
CHAPTER 16 ELECTRICAL CODE PAGE NO. 16.01 Definitions 16-1 16.02 State Regulations Adopted 16-1 16.03 Fees 16-1 16.04 Permits 16-1 16.05 Annual Plant Permit 16-2 16.06 Renewal, Suspension and Revocation
More information174 North King Street Workforce Housing Development Downtown Jackson, Wyoming
174 North King Street Workforce Housing Development Downtown Jackson, Wyoming Request for Proposals Release Date November 7, 2017 Information Session December 4, 2017 Submission Deadline February 9, 2018
More informationE1-12: Final Decision AS
BCAC COMPILATION OF GROUP A E1-12: Final Decision AS 202, 1006 (New), 1007 (New), 1014.3, 1015, 1020.1, 1021 (IFC [B] 1006 (New), 1007 (New), 1014.3, 1015, 1020.1, 1021) Proponent: Charles S. Bajnai, Chesterfield
More informationApplication Instructions Owner-Occupancy Exemption
SANTA MONICA RENT CONTROL BOARD 1685 Main Street, Room 202, Santa Monica, CA 90401 (310) 458-8751 www.smgov.net/rentcontrol Application Instructions Owner-Occupancy Exemption ELIGIBILITY REQUIREMENTS 1.
More informationHousing Choice Voucher Program (Section 8) Landlord Information Packet
Housing Choice Voucher Program (Section 8) Landlord Information Packet This packet has been prepared for landlords/owners in appreciation of your interest in participating in the Housing Choice Voucher
More informationQualified Contract Process
Qualified Contract Process Policy for Opt-Out Provision Introduction The Omnibus Budget Reconciliation Act of 1989 requires that all properties receiving an Allocation of Housing Credits after January
More informationThe bank will report the interest earned to the Internal Revenue Service based on the taxpayer identification number provided.
COMMERCIAL ESCROW SETTLEMENT A commercial escrow is one that involves the transfer or encumbrance of property other than residential, such as office, research, retail and industrial properties. We recognize
More informationHOME PROGRAM LEASE AGREEMENT
HOME PROGRAM LEASE AGREEMENT The HOME Investment Partnership Program (hereafter known as the HOME Program) was first authorized in the National Affordable Housing Act of 1990 to expand the supply of longterm
More informationCharter Township of Lyon P.A. 198 Industrial Facilities Tax Exemption Tax Abatement Guidelines
1 Charter Township of Lyon P.A. 198 Industrial Facilities Tax Exemption Tax Abatement Guidelines A company that is in the planning phase of a major business attraction or expansion project that will include
More informationA BILL TO BE ENTITLED AN ACT
12 LC 34 3484S/AP House Bill 386 (AS PASSED HOUSE AND SENATE) By: Representatives Channell of the 116th, O`Neal of the 146th, Jones of the 46th, and Peake of the 137th A BILL TO BE ENTITLED AN ACT To amend
More informationHOW TO CREATE AN APPRAISAL
Page 1 7/19/2005 IMAGEsoft s Appraise Link Instruction Manual HOW TO CREATE AN APPRAISAL Start at the MAIN MENU. Click on APPRAISALS. The WORK WITH APPRAISALS screen appears. This screen stores your appraisals,
More informationRATE STUDY IMPACT FEES PARKS
RATE STUDY FOR IMPACT FEES FOR PARKS CITY OF KENMORE, WASHINGTON May 15, 2001 TABLE OF CONTENTS Executive Summary................................................... 1 1. Statutory Basis and Methodology
More informationFarmland Preservation Agreements. -Frequently Asked Questions-
Farmland Preservation Agreements -Frequently Asked Questions- The timing of when a farmland preservation agreement was entered into is important when determining applicable laws, requirements and tax credits.
More informationCHAPTER 18. PROVISION OF WATER AND SEWER SERVICE BY LANDLORDS.
CHAPTER 18. PROVISION OF WATER AND SEWER SERVICE BY LANDLORDS. Rule R18-1. Rule R18-2. Rule R18-3. Rule R18-4. Rule R18-5. Rule R18-6. Rule R18-7. Rule R18-8. Rule R18-9. Rule R18-10. Rule R18-11. Rule
More informationCHAPTER 1 MEMBERSHIP PROCEDURES FOR PURCHASE, SALE AND TRANSFER
CHAPTER 1 MEMBERSHIP 100. GENERAL 101. QUALIFICATIONS AND RESPONSIBILITIES 102. NON-MEMBER INVESTORS PROCEDURES FOR PURCHASE, SALE AND TRANSFER 103. PURCHASE OF MEMBERSHIP AND MECHANICS OF PURCHASE 103.A.
More informationSingle Family Housing Policy Handbook: FHA Connection 203k Calculator and Other System Enhancements
Office of Single Family Program Development Single Family Housing Policy Handbook: FHA Connection 203k Calculator and Other System Enhancements April 28, 2016 Last Updated: 4/27/16 Presented by: Kevin
More information2014 OSSC CHAPTER 10 - MEANS OF EGRESS TABLE OF CONTENTS
2014 OSSC CHAPTER 10 - MEANS OF EGRESS TABLE OF CONTENTS Section 1001 ADMINISTRATIVE 1001.1 General 1001.2 Alterations to existing means of egress 1001.3 Maintenance 1001.4 Fire safety and evacuation plans
More informationDECLARATION OF AWB HOLDINGS, LLC
DECLARATION OF AWB HOLDINGS, LLC This Declaration ("Declaration"), is made and entered into as of the day of, 2012, by AWB Holdings, LLC, an Indiana limited liability company (the "Declarant") for itself,
More informationAN ACT RELATIVE TO THE ESTATE OF HOMESTEAD. (see Senate, No ) Approved by the Governor, December 16, 2010
CHAPTER 395 of the Acts of 2010 AN ACT RELATIVE TO THE ESTATE OF HOMESTEAD. (see Senate, No. 2406 ) Approved by the Governor, December 16, 2010 Be it enacted by the Senate and House of Representatives
More information