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BYANONRESIDENTTAXPAYER @      (Statutoryauthority:TaxLaw,171,663,697) ! ! XXX!@%%P%Sec. #  163.10  0%%Generalanddefinitions%X"%% 163.20  0%%Estimationoftaxduef'0!$%% 163.30  0%%Filingandpayment>)#&%% 163.40  0%%Exemptionfromrequirements+$(%% 163.50  0%%Requirementsforrecordingofdeed#,&*%% #163.60  0%%Designationofanddutiesofagents6%% 163.70  0%%Liabilityofrecordingofficer%% 163.80  0%%Validityofrecordofdeed %% Section163.1Generalanddefinitions.     (a)Section663oftheTaxLawrequiresthatanonresidenttaxpayermustestimateandpaythepersonal  ` incometaxliabilityonthegain,ifany,uponthesaleortransferofrealpropertywithinNewYorkState.For n8  purposesofsection663,thefollowingrulesanddefinitionsapply: F    (1) Dateofsaleortransferisthedatethedeedeffectingtheconveyanceisdeliveredbytheselleror   transferortothetransferee.  0XX,` XXX0  (2) Nonresidenttaxpayer.(_i_)Anonresidenttaxpayerisanindividualwhoqualifiesasanonresident  individualundersection605(b)(2)oftheTaxLaw,oranestateortrustthatqualifiesasanonresidentestateortrust p undersection605(b)(4)oftheTaxLaw,onthedateofsaleortransferofrealproperty. ~H       (ii)AnindividualwhoisnotdomiciledinNewYorkStatebutwhomaybeconsideredaresidentof V  NewYorkStatefortaxpurposesundersection605(b)(1)(B)oftheTaxLawattheendofataxableyear,byvirtue . ofmaintainingapermanentplaceofabodeinNewYorkStateforsubstantiallyallofthetaxableyearandby   spendinginaggregatemorethanonehundredeightythreedaysofthetaxableyearinNewYorkState,isa ! nonresidentforpurposesofthisrequirementunlesstheindividualhasalreadyqualifiedasaresidentonthedate #  ofsaleortransferofrealproperty.(Seesection105.20ofthisTitleconcerningqualifyingasaresidentundersection %X" 605(b)(1)(B).) f'0!$     (3) Gainonthesaleortransferhasthesamemeaningasusedinsection1001oftheInternalRevenue >)#&  Codeasthatsectionappliestothesaleortransferofrealproperty. +$(     (4) Saleortransferofrealpropertymeansthechangeofownershipofafeesimpleinterestinreal 6  propertybyanymethod.      (5) Sellerortransferormeanstheindividual,estate,ortrustmakingthesaleortransferofafeesimple   interestinrealproperty.       (6)Recordingofficermeansthecountyclerkofthecounty,exceptinacountyhavingaregister,where  ` itmeanstheregisterofthecounty,orinthecityofNewYorkwhereitmeansthecityregisterandanyother n8  employeeoftheDepartmentofFinance,asappropriate. F  Section163.2Estimationoftaxdue.     (a)Anonresidenttaxpayermustestimatethepersonalincometaxdueonaformprescribedbythe  commissioner,usinganestimatedtaxratethatequalsthehighestrateoftaxforthetaxableyearprovidedinsection  601oftheTaxLaw.Theestimatedtaxduewillequalthegain,ifany,multipliedbythatrate.Theamountofthe p gainusedinthecomputationisequaltotheamountreportableforfederalincometaxpurposesforthetaxableyear. ~H   (b)IftherealpropertybeingsoldortransferredislocatedpartlywithinandpartlywithoutNewYorkState, V  thenthenonresidenttaxpayermustestimatethetaxdueusingonlytheportionofthegainreasonablyattributable . totheportionoftherealpropertylocatedwithinNewYorkState.     (c)Ifthenonresidenttaxpayerisanestateortrust,itmustestimatethetaxduebasedonthegain,ifany, ! computedwithoutreductionforanydistributionofincometothebeneficiariesduringthetaxyearofthesaleor #  transfer. %X" Section163.3Filingandpayment. f'0!$   (a)Anonresidenttaxpayermustfiletheestimatedtaxformwiththerecordingofficer,alongwithpayment >)#& ofanyestimatedtaxdue,atthetimeadeedisrecordedoracceptedforrecording.Thetaxpayermustmakea +$( paymentpayabletotheDepartmentofTaxationandFinancefortheestimatedtaxthatisseparatefromanyother ,&* paymentmadetotherecordingofficeratthistime.(Foranalternatepaymentandcertificationprocedurewhichis 6 availableforsaleswithadateofsaleortransferonorbeforeDecember31,2003,seePart163ofTitle20_NYCRR_  (adoptedonAugust26,2003)andsection663oftheTaxLawenactedbyChapter62,Lawsof2003.Thepayment   andcertificationproceduresetforthintheAugust26,2003regulationisinlieuoftheproceduresetforthherein.)   Exceptforanonresidenttaxpayerwhomeetsoneoftheexemptionsfromtherequirementsdescribedinsection  ` 163.4ofthisPart,allnonresidenttaxpayerswhoaresellersortransferorsofrealpropertywithinNewYorkState n8  mustfiletheestimatedtaxformwhetherornottheyhaveagain. F  Section163.4Exemptionfromrequirements.     (a)Section663(d)oftheTaxLawprovidesthattherequirementsofsection663donotapplywhere:    (1)therealpropertybeingsoldortransferredistheprincipalresidenceofthesellerortransferorwithin  themeaningofsection121oftheInternalRevenueCode(seesubdivision(b)ofthissection); p   (2)thesellerortransferorisamortgagorconveyingthemortgagedpropertytoamortgageeinforeclosure ~H orinatransferinlieuofforeclosurewithnoadditionalconsideration(seedefinitionof considerationinsection V  575.1(d)ofthisTitle);or .   (3)thesellerortransferor,ortransfereeisanagencyorauthorityoftheUnitedStatesofAmerica,an   agencyorauthorityofNewYorkState,theFederalNationalMortgageAssociation,theFederalHomeLoan ! MortgageCorporation,theGovernmentNationalMortgageAssociation,oraprivatemortgageinsurancecompany. #    (b)Theprincipalresidenceexemptionsetforthinparagraph(a)(1)ofthissectionappliesonlywherethe %X" propertybeingsoldortransferredqualifiesintotalastheprincipalresidenceofthesellerortransferor.Ifthe f'0!$ propertybeingsoldortransferredincludesboththeprincipalresidenceandotherproperty,thenthetaxpayermust >)#& fileandpayanyestimatedtaxduebasedonthegainfromtheotherproperty.  +$( _Section_Ԁ163.5Requirementsforrecordingofdeed. 6   (a)Nodeedshallberecordedoracceptedforrecordingbyanyrecordingofficerunlesstherecordingofficer  hasreceivedwithrespecttoeverysellerortransferorwhoisanindividual,estateortrust:(1)aformprescribedby   thecommissioner,alongwithpaymentinfulloftheestimatedtaxdue,ifany,or,(2)aformprescribedbythe   commissionercontainingacertificationbytheindividual,estateortrustthatsection663isinapplicabletothesale  ` ortransfer.Themethodfortaxpayerstomakethecertificationisprescribedinformsandinstructions. n8  Section163.6Designationofanddutiesofagents.   F    TherecordingofficersinNewYorkStateshallactastheagentsofthecommissionertocollecttheestimated   taxdue,ifany,showntobepayableontheformprescribedbythecommissioner.Therecordingofficermustcollect  theestimatedtaxatthetimethatadeedisrecordedoracceptedforrecordingandmustcollectapaymentpayable  totheDepartmentofTaxationandFinancefortheestimatedtaxthatisseparatefromanyotherpaymentmadeto p therecordingofficeratthistime.Everyrecordingofficermustremittothecommissioneranyfundscollectedand ~H returnsfiledwithsuchrecordingofficerinatimelymanner,nottoexceedthreebusinessdaysafterreceiptofthe V  fundsandreturns. . Section163.7Liabilityofrecordingofficer.     Arecordingofficerisnotliableforanyinaccuracyinanystatementontheformprescribedbythe ! commissionerorintheamountofestimatedtaxcollectedsolongasheorshecollectstheestimatedtaxshownas #  payableontheform. %X" Section163.8Validityofrecordofdeed. f'0!$   Whenadeedisrecordednotwithstandinganomissionorinaccuracyintheformprescribedbythe >)#&  commissionerorinanycertificationbythetransferoronsuchformoradeficiencyinthepaymentofestimatedtax, +$( therecordofsuchdeedisnotinvalidatedbyreasonofsuchomission,inaccuracy,erroneouscertificationor 6 deficiencyandthetitlefoundedonsuchdeedisnotimpairedthereby.     Section2.ThisemergencyreadoptioniseffectiveonFebruary24,2004,thedatethattheNoticeof   EmergencyAdoptionisfiledwiththeSecretaryofState,andwillremainineffectforaperiodof60days(April   23,2004).Theamendmentsreadoptedonanemergencybasisshallapplytoallsalesortransfersofrealproperty  ` withinNewYorkStatebytaxpayerssubjecttoArticle22oftheTaxLawonorafterSeptember1,2003. n8  Dated:Albany,NewYork     February24,2004           `     h     ______________________________________         `     h     BarbaraG.Billet p        `     h     ExecutiveDeputyCommissionerofTaxation \        `     h     andFinance