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ÎX;³ÉQ·¨n 𵇬©k¶¿\`;ôé²V»;¥¢ “¢°•³’"OœL#KDT]#L1¤vŸ¾Æ9¤z´%báz·Ï;Ÿ3"ö£ó¢yOíw#?] ¥xN‹.Ùå1I†ÐB•Ô‘[¾aÒiïÉ‚T¡z%5^UtÑæ»pV¾¢I–ŸT×uahy—˽-¾‡åè•ÊrnÓµôAšà®?Íi—Î’3ž½?s#ò ±6¡>< Uï³ ÌD£ºeBùadèÃ2ãÞ‡(ˆaŠ¹÷Pü{Oµp¦yT§Q¼’‘=óiž™!ì½×çtbïF"£¼3#ækUNÚ %( 0:.#Éh Ž1 ê¿ ¿ 72© © wÛ ^ ß 4ë 0Vÿ U d l mn N… 0U‡ 0ãÜ 0Å¿ 0¿„ 0¹C 0³ü 0­¯ 0§\ 0¡ 0Ť 0Ñi 0³: 0­í 0§š 0¡A 0›â 0•} 0 0Ÿ 0Îa 0°/ 0ªß 0¤‰ 0ž- 0˜Ë 0’c 0ŠõõU.b­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­Ƶµµµµµ 0a{ { { { { { { { { { 1uÜ (ÖÃ9 Z‹6Times New Roman RegularX(üœ$¡¡ÔUSUS.,Ô˜\\albprintb9\CO910011B22dd2B20˜d:\DOCUME~1\a23538\APPLIC~1\Corel\PERFEC~2\10\CUSTOM~1\REGULA~1.WPTd:\Documents and Settings\a23538\Application Data\Corel\PerfectExpert\10\Custom WP Templates\Regulation Template.wptji)ôƒj/— AkF.ê:i¢×+00(.3½Ö$¨¨Ý ƒüœ!ÝÔUSUS.,ÔÝ  Ý3|x ÿU‹ÿÀÀÀ*+ ÿÿ(_26Ô2ÔÔ3  Ôà..à*G+G ÿÿ(_25Ó ¨ý ÓÓ ° ÓÓ/%` ` ¸ hÀpÈ xÐ /ÓÔ2ÔÔ3  Ôà..àÓ/%` ` ¸ hÀpÈ xÐ /ÓÓ ¨ý ÓÓ ° Ó*8+8 ÿÿ(_24Ó  ÓÓ,"¸ ¸ hÀpÈ xÐ ,ÓÔ2ÔÔ3  Ôà..àÓ,"¸ ¸ hÀpÈ xÐ ,ÓÓ  Ó*5+5 ÿÿ(_23Ó ` ÓÓ) hÀpÈ xÐ )ÓÔ2ÔÔ3  Ôà..àÓ) hÀpÈ xÐ )ÓÓ ` Ó*2+2 ÿÿ(_22Ó ¸ ÓÓ&hhÀpÈ xÐ &ÓÔ2ÔÔ3  Ôà..àÓ&hhÀpÈ xÐ &ÓÓ ¸ Ó*/+/ ÿÿ(_21Ó  ÓÓ#ÀÀpÈ xÐ #ÓÔ2ÔÔ3  Ôà..àÓ#ÀÀpÈ xÐ #ÓÓ  Ó*,+, ÿÿ(_20Ó h ÓÓ pÈ xÐ ÓÔ2ÔÔ3  Ôà..àÓ pÈ xÐ ÓÓ h Ó*)+) ÿÿ(_19Ó À ÓÓppÈ xÐ ÓÔ2ÔÔ3  Ôà..àÓppÈ xÐ ÓÓ À Ó*&+& ÿÿ(_18Ó  ÓÓÈÈ xÐ ÓÔ2ÔÔ3  Ôà..àÓÈÈ xÐ ÓÓ  Ó*AA ÿÿ(_17Ó  ÓÓ5+° °` ¸ hÀpÈ xÐ 5ÓÔ2ÔÔ3  Ô€Ó5+° °` ¸ hÀpÈ xÐ 5ÓÓ  Ó*GG ÿÿ(_16Ó ¨ý ÓÓ ° ÓÓ/%` ` ¸ hÀpÈ xÐ /ÓÔ2ÔÔ3  Ô€Ó/%` ` ¸ hÀpÈ xÐ /ÓÓ ¨ý ÓÓ ° Ó*88 ÿÿ(_15Ó  ÓÓ,"¸ ¸ hÀpÈ xÐ ,ÓÔ2ÔÔ3  Ô€Ó,"¸ ¸ hÀpÈ xÐ ,ÓÓ  Ó*55 ÿÿ(_14Ó ` ÓÓ) hÀpÈ xÐ )ÓÔ2ÔÔ3  Ô€Ó) hÀpÈ xÐ )ÓÓ ` Ó*22 ÿÿ(_13Ó ¸ ÓÓ&hhÀpÈ xÐ &ÓÔ2ÔÔ3  Ô€Ó&hhÀpÈ xÐ &ÓÓ ¸ Ó*// ÿÿ(_12Ó  ÓÓ#ÀÀpÈ xÐ #ÓÔ2ÔÔ3  Ô€Ó#ÀÀpÈ xÐ #ÓÓ  Ó*,, ÿÿ(_11Ó h ÓÓ pÈ xÐ ÓÔ2ÔÔ3  Ô€Ó pÈ xÐ ÓÓ h Ó*)) ÿÿ(_10Ó À ÓÓppÈ xÐ ÓÔ2ÔÔ3  Ô€ÓppÈ xÐ ÓÓ À Ó(&& ÿÿ&_9Ó  ÓÓÈÈ xÐ ÓÔ2ÔÔ3  Ô€ÓÈÈ xÐ ÓÓ  Ó(AA ÿÿ&_8Ó  ÓÓ5+° °` ¸ hÀpÈ xÐ 5ÓÔ2ÔÔ3  ÔÓ5+° °` ¸ hÀpÈ xÐ 5ÓÓ  Ó(GG ÿÿ&_7Ó ¨ý ÓÓ ° ÓÓ/%` ` ¸ hÀpÈ xÐ /ÓÔ2ÔÔ3  ÔÓ/%` ` ¸ hÀpÈ xÐ /ÓÓ ¨ý ÓÓ ° Ó(88 ÿÿ&_6Ó  ÓÓ,"¸ ¸ hÀpÈ xÐ ,ÓÔ2ÔÔ3  ÔÓ,"¸ ¸ hÀpÈ xÐ ,ÓÓ  Ó(55 ÿÿ&_5Ó ` ÓÓ) hÀpÈ xÐ )ÓÔ2ÔÔ3  ÔÓ) hÀpÈ xÐ )ÓÓ ` Ó(22 ÿÿ&_4Ó ¸ ÓÓ&hhÀpÈ xÐ &ÓÔ2ÔÔ3  ÔÓ&hhÀpÈ xÐ &ÓÓ ¸ Ó(// ÿÿ&_3Ó  ÓÓ#ÀÀpÈ xÐ #ÓÔ2ÔÔ3  ÔÓ#ÀÀpÈ xÐ #ÓÓ  Ó(,, ÿÿ&_2Ó h ÓÓ pÈ xÐ ÓÔ2ÔÔ3  ÔÓ pÈ xÐ ÓÓ h Ó()) ÿÿ&_1Ó À ÓÓppÈ xÐ ÓÔ2ÔÔ3  ÔÓppÈ xÐ ÓÓ À Ó&&& ÿÿ$_Ó  ÓÓÈÈ xÐ ÓÔ2ÔÔ3  ÔÓÈÈ xÐ ÓÓ  Óô\  `‹Tms Rmn- ù-1, 2, 3,Level 1Level 2Level 3Level 4Level 5(9fÈ$´´Section€Ô2#ÔÚ  Ú0Ú  Ú.Ô3  Ô€€3#37=CIQYag­­1.a.i.(1)(a)(i)1)a)Ý ƒüœ!ÝÔUSUS.,ÔÝ  ÝÔ_ÔÒX°ÒÒX°ÒÓÓÑ€1ÑÑ8€;8XXdìdÈ8ÑÑ  ÑÑ  Ñà@ìì"ìàSTATE€OF€NEW€YORKˆÐ ° Ðà@â â ìàDEPARTMENT€OF€TAXATION€AND€FINANCEˆÐ ˆØ Ðà@‡ ‡ ìàCOMMISSIONER€OF€TAXATION€AND€FINANCEˆÐ `° Ðà@"ìàALBANY,€NEW€YORKˆÐ 8 ˆ ÐÌÓ  Óà ° àPursuant€to€the€authority€contained€in€subdivision€First€of€section€171,€section€663€and€subsection€(a)€ofÐ è 8  Ðsection€697€of€the€Tax€Law,€the€First€Deputy€Commissioner€of€Taxation€and€Finance,€being€duly€authorized€to€actÐ À  Ðin€the€absence€of€the€Commissioner€of€Taxation€and€Finance,€hereby€makes€and€adopts€as€an€emergency€measureÐ ˜è  Ðthe€following€amendments€to€the€New€York€State€Personal€Income€Tax€Regulations,€as€published€in€SubchapterÐ pÀ ÐA€of€Chapter€II€of€Title€20€of€the€Official€Compilation€of€Codes,€Rules€and€Regulations€of€the€State€of€New€York,Ð H˜ Ðsuch€amendments€to€read€as€follows:Ð  p Ðà ° àSection€1.€€€A€new€part€163€is€added€to€such€regulations€to€read€as€follows:Ð øH ÐÓ  ÓPART€163Ð Ð  ÐESTIMATED€PERSONAL€INCOME€TAX€DUE€UPON€THE€SALE€OR€TRANSFER€OF€REAL€PROPERTYÐ ¨ø ÐBY€A€NONRESIDENT€TAXPAYERà @ à€€€€Ð €Ð ÐÓÓÓ  Ó(Statutory€authority:€Tax€Law,€ðððð171,€663,€697)Ð X ¨ ÐÓ! XX¨ý°œX!Óà€@€%€%P€%àÓðÓSec.Ð 0"€  Ð163.1à0 ° àà0°€%°€%àGeneral€and€definitionsÐ$X"€%€% Ð163.2à0 ° àà0°€%°€%àEstimation€of€tax€dueÐà%0!$€%€% Ð163.3à0 ° àà0°€%°€%àFiling€and€paymentи'#&€%€% Ð163.4à0 ° àà0°€%°€%àExemption€from€requirementsÐ)à$(€%€% Ð163.5à0 ° àà0°€%°€%àRequirements€for€recording€of€deedÐh+¸&*€%€% Ð163.6à0 ° àà0°€%°€%àDesignation€of€and€duties€of€agentsÐ#@-(,€%€% #Ð163.7à0 ° àà0°€%°€%àLiability€of€recording€officerÐd€%€% Ð163.8€à0 ° àà0°€%°€%àValidity€of€record€of€deedÐ<Ø€%€% ÐSection€163.1€€General€and€definitions.€€Ð  ° Ðà ° à(a)€Section€663€of€the€Tax€Law€requires€that€a€nonresident€taxpayer€must€estimate€and€pay€the€personalÐ ì ˆ Ðincome€tax€liability€on€the€gain,€if€any,€upon€€the€sale€or€transfer€of€real€property€within€New€York€State.€ForÐ Ä ` Ðpurposes€of€section€663,€the€following€rules€and€definitions€apply:Ð œ8  Ðà ° à€€€(1)€ð ðDate€of€sale€or€transferðð€is€the€date€the€deed€effecting€the€conveyance€is€delivered€by€the€seller€orÐ t  Ðtransferor€to€the€transferee.€Ð Lè  ÐÓ0XúX°‚,` ‹X¨ýXX¨ý0Óà ° à€€€(2)€ð ðNonresident€taxpayer.ðð€(Ô_ÔiÔ_Ô)€A€nonresident€taxpayer€€is€an€individual€who€qualifies€as€a€nonresidentÐ $À Ðindividual€under€section€605(b)(2)€of€the€Tax€Law,€or€an€estate€or€€trust€that€qualifies€as€a€nonresident€estate€or€trustÐ ü˜ Ðunder€section€605(b)(4)€of€the€Tax€Law,€on€the€date€of€sale€or€transfer€of€real€property.€€Ð Ôp Ðà ° àà Ü àà  à(ii)€An€individual€who€is€not€domiciled€in€New€York€State€but€who€may€be€considered€a€resident€ofÐ ¬H ÐNew€York€State€for€tax€purposes€under€section€605(b)(1)(B)€of€the€Tax€Law€at€the€end€of€a€taxable€year,€by€virtueÐ „  Ðof€maintaining€a€permanent€place€of€abode€in€New€York€State€for€substantially€all€of€the€taxable€year€and€byÐ \ø Ðspending€in€aggregate€more€than€one€hundred€eighty„three€days€of€the€taxable€year€in€New€York€State,€is€aÐ 4 Ð Ðnonresident€for€purposes€of€this€requirement€unless€the€individual€€has€already€qualified€as€a€resident€on€the€dateÐ  "¨ Ðof€sale€or€transfer€of€real€property.€(See€section€105.20€of€this€Title€concerning€qualifying€as€a€resident€under€sectionÐ ä#€  Ð605(b)(1)(B).)Ð ¼%X" Ðà ° àà Ü à(3)€ð ðGainðð€on€the€sale€or€transfer€has€the€same€meaning€as€used€in€section€1001€of€the€Internal€RevenueÐ ”'0!$ ÐCode€as€that€section€applies€to€the€sale€or€transfer€of€real€property.€€Ð l)#& Ðà ° àà Ü à(4)€ð ðSale€or€transfer€of€real€propertyðð€means€the€€change€of€ownership€of€a€fee€simple€interest€in€realÐ D+à$( Ðproperty€by€any€method.€€€Ð -¸&* Ðà ° àà Ü à(5)€ð ðSeller€or€transferorðð€means€the€individual,€estate,€or€trust€making€the€sale€or€transfer€of€a€fee€simpleÐ d Ðinterest€in€real€property.€Ð <Ø Ðà ° àà Ü à(6)ððRecording€officerðð€means€the€county€clerk€of€the€county,€except€in€a€county€having€a€register,€whereÐ  ° Ðit€means€the€register€of€the€county,€or€in€the€city€of€New€York€where€it€means€the€city€register€and€any€otherÐ ì ˆ Ðemployee€of€the€Department€of€Finance,€as€Ô_ÔÔ_ÔÔ_ÔÔ_ÔÔ_Ôappropriate.Ô_Ô€€Ð Ä ` ÐSection€163.2€Estimation€of€tax€due.€Ð œ8  Ðà ° à(a)€A€nonresident€taxpayer€must€estimate€the€personal€income€tax€due€on€a€form€prescribed€by€theÐ t  Ðcommissioner,€using€an€estimated€tax€rate€that€equals€the€highest€rate€of€tax€for€the€taxable€year€provided€in€sectionÐ Lè  Ð601€of€the€Tax€Law.€€The€estimated€tax€due€will€equal€the€gain,€if€any,€multiplied€by€that€rate.€The€amount€of€theÐ $À Ðgain€used€in€the€computation€is€equal€to€the€amount€reportable€for€federal€income€tax€purposes€for€the€taxable€year.€Ð ü˜ Ðà ° à(b)€If€the€real€property€being€sold€or€transferred€is€located€partly€within€and€partly€without€New€York€State,Ð Ôp Ðthen€the€nonresident€taxpayer€must€estimate€the€tax€due€using€only€the€portion€of€the€gain€reasonably€attributableÐ ¬H Ðto€the€portion€of€the€real€property€located€within€New€York€State.€Ð „  Ðà ° à(c)€If€the€nonresident€taxpayer€is€an€estate€or€trust,€it€must€estimate€the€tax€due€based€on€the€gain,€if€any,Ð \ø Ðcomputed€without€reduction€for€any€distribution€of€income€to€the€€beneficiaries€during€the€tax€year€of€the€sale€orÐ 4 Ð Ðtransfer.Ð  "¨ ÐSection€163.3€€Filing€and€payment.Ð ä#€  Ðà ° à(a)€A€nonresident€taxpayer€must€file€the€estimated€tax€form€with€the€recording€officer,€along€with€paymentÐ ¼%X" Ðof€any€estimated€tax€due,€at€the€time€a€deed€is€recorded€or€accepted€for€recording.€The€taxpayer€must€make€aÐ ”'0!$ Ðpayment€payable€to€the€Department€of€Taxation€and€Finance€for€the€estimated€tax€that€is€separate€from€any€otherÐ l)#& Ðpayment€made€to€the€recording€officer€at€this€time.€(For€an€alternate€payment€and€certification€procedure€which€isÐ D+à$( Ðavailable€for€sales€with€a€date€of€sale€or€transfer€on€or€before€December€31,€2003,€see€Part€163€of€Title€20€Ô_ÔNYCRRÔ_ÔÐ -¸&* Ð(adopted€on€August€26,€2003)€and€section€663€of€the€Tax€Law€enacted€by€Chapter€62,€Laws€of€2003.€The€paymentÐ d Ðand€certification€procedure€set€forth€in€the€August€26,€2003€regulation€is€in€lieu€of€the€procedure€set€forth€Ô_Ôherein.)Ô_ÔÐ <Ø ÐExcept€for€a€nonresident€taxpayer€who€meets€one€of€the€exemptions€from€the€requirements€described€in€sectionÐ  ° Ð163.4€of€this€Part,€all€nonresident€taxpayers€who€are€sellers€or€transferors€of€real€property€within€New€York€StateÐ ì ˆ Ðmust€file€the€estimated€tax€form€whether€or€not€they€have€a€gain.Ð Ä ` ÐSection€163.4€€Exemption€from€requirements.€Ð œ8  Ðà ° à(a)€Section€663(d)€of€the€Tax€Law€provides€that€the€requirements€of€section€663€do€not€apply€€where:Ð t  Ðà ° à€€€€€(1)€the€real€property€being€sold€or€transferred€is€the€principal€residence€of€the€seller€or€transferor€withinÐ Lè  Ðthe€meaning€of€section€121€of€the€Internal€Revenue€Code€(see€subdivision€(b)€of€this€section);Ð $À Ðà ° à€€€€€(2)€the€seller€or€transferor€is€a€mortgagor€conveying€the€mortgaged€property€to€a€mortgagee€in€foreclosureÐ ü˜ Ðor€in€a€transfer€in€lieu€of€foreclosure€with€no€additional€consideration€(see€definition€of€ð ðconsiderationðð€in€sectionÐ Ôp Ð575.1(d)€of€this€Title);€€or€Ð ¬H Ðà ° à€€€(3)€the€seller€or€transferor,€or€transferee€is€an€agency€or€authority€of€the€United€States€of€America,€anÐ „  Ðagency€or€authority€of€New€York€State,€the€Federal€National€Mortgage€Association,€the€Federal€Home€LoanÐ \ø ÐMortgage€Corporation,€€the€Government€National€Mortgage€Association,€or€a€private€mortgage€insurance€company.Ð 4 Ð Ðà ° à(b)€The€principal€residence€exemption€set€forth€in€paragraph€(a)(1)€of€this€section€applies€only€where€theÐ  "¨ Ðproperty€being€sold€or€transferred€qualifies€in€total€as€the€principal€residence€of€the€seller€or€transferor.€If€theÐ ä#€  Ðproperty€being€sold€or€transferred€includes€both€the€principal€residence€and€other€property,€then€the€taxpayer€mustÐ ¼%X" Ðfile€and€pay€any€estimated€tax€due€based€on€the€gain€from€the€other€property.€€€€€€Ð ”'0!$ ÐSection€163.5€Requirements€for€recording€of€deed.€€Ð l)#& Ðà ° à(a)€€No€deed€shall€be€recorded€or€accepted€for€recording€by€any€recording€officer€unless€the€recording€officerÐ D+à$( Ðhas€received€with€respect€to€every€seller€or€transferor€who€is€an€individual,€estate€or€trust:€(1)€a€form€prescribed€byÐ -¸&* Ðthe€commissioner,€along€with€payment€in€full€of€€the€estimated€tax€due,€if€any,€or,€(2)€a€form€prescribed€by€theÐ d Ðcommissioner€containing€a€certification€by€the€individual,€estate€or€trust€that€section€663€is€inapplicable€to€the€saleÐ <Ø Ðor€transfer.€€€The€method€for€taxpayers€to€make€the€certification€is€prescribed€in€forms€and€instructions.€€€Ð  ° ÐSection€163.6€Designation€of€and€duties€of€agents.à À àÐ ì ˆ Ðà ° àThe€recording€officers€in€New€York€State€€shall€act€as€the€agents€of€the€commissioner€to€collect€the€estimated€Ð Ä ` Ðtax€due,€if€any,€shown€to€be€payable€on€the€form€prescribed€by€the€commissioner.€The€recording€officer€must€collectÐ œ8  Ðthe€estimated€tax€at€the€time€that€a€deed€is€recorded€or€accepted€for€recording€and€must€collect€a€payment€payableÐ t  Ðto€the€Department€of€Taxation€and€Finance€for€the€estimated€tax€that€is€separate€from€any€other€payment€made€toÐ Lè  Ðthe€recording€officer€at€this€time.€Every€recording€officer€must€remit€to€the€commissioner€any€funds€collected€andÐ $À Ðreturns€filed€with€such€recording€officer€in€a€timely€manner,€not€to€exceed€three€business€days€after€receipt€of€theÐ ü˜ Ðfunds€and€returns.Ð Ôp ÐSection€163.7€€Liability€of€recording€officer.Ð ¬H Ðà ° àA€recording€officer€is€not€liable€for€any€inaccuracy€in€any€statement€on€the€form€prescribed€by€theÐ „  Ðcommissioner€or€in€the€amount€of€estimated€€tax€collected€so€long€as€he€or€she€collects€the€estimated€€tax€shown€asÐ \ø Ðpayable€on€the€form.Ð 4 Ð ÐSection€163.8€€Validity€of€record€of€deed.Ð  "¨ Ðà ° àWhen€a€deed€is€recorded€notwithstanding€an€omission€or€inaccuracy€in€the€form€prescribed€by€theÐ ä#€  Ðcommissioner€or€in€any€certification€by€the€transferor€on€such€form€or€a€deficiency€in€the€payment€of€estimated€€tax,Ð ¼%X" Ðthe€record€of€such€deed€is€not€invalidated€by€reason€of€such€omission,€inaccuracy,€erroneous€certification€orÐ ”'0!$ Ðâ âdeficiency€and€the€title€founded€on€such€deed€is€not€impaired€thereby.Ð l)#& Ðà ° àSection€2.€€These€amendments€shall€take€effect€on€the€day€such€amendments€are€filed€with€the€DepartmentÐ d Ðof€State,€and€shall€apply€to€all€sales€or€transfers€of€real€property€within€New€York€State€by€taxpayers€subject€toÐ <Ø ÐArticle€22€of€the€Tax€Law€on€or€after€September€1,€2003.Ð  ° Ðâ âÓÓà ° àà Ü àà  àà ` àà ¸ àà  àà h àà À àÌà ° àà Ü àà  àà ` àà ¸ àà  àà h àà À àà  àà p àà È àà  àà x àà Ð àÌÌDated:€€Albany,€New€YorkÐ °L  Ðà ° à€November€12,€2003à ¸ àà  àà h àà À àà  àà p àà È àà  àÐ œ8  ÐÌà ° àà Ü àà  àà ` àà ¸ àà  àà h àà À à_______________________________Ð t  Ðà ° àà Ü àà  àà ` àà ¸ àà  àà h àà À àBarbara€G.€BilletÐ `ü  ÐÓ  ÓÓQ.°°°` ¸ hÀpÈ xÐ XúX°‚,` ‹X¨ýQÓÔ‡ôÓäòXXÔÔ‡/ô;3òòôÓäÔà ° àà  àà ` àà ¸ àà  àà h àà À àÓB+° °` ¸ hÀpÈ xÐ °°°ŒXBÓÔ#†/XÑOXò/ô;3Å5#ÔÔ#†X;8XX/XÑOä5#ÔExecutive€Deputy€Commissioner€Ð Lè  Ðà ° àà  àà ` àà ¸ àà  àà h àà À àof€Taxation€and€Finance