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NJ Title Industry Memo: Revisions to GIT/REP-3 and GIT/REP-4

The State has revised the GIT/REP-3 and GIT/REP-4 forms. The revised versions of each form are available on the State’s website – www.state.nj.us/treasury/taxation (choose Forms, Income Tax Forms). The revised version of each form are also provided with this alert. 

The changes on each form are found in the Instructions. 

On the GIT/REP-3, the first paragraph was revised to read: 

Individuals, estates, trusts, or any other entity selling or transferring property in New Jersey must complete this form if they are not subject to the Gross Income Tax estimated payment requirements under N.J.S.A. 54A:8-9. A nonresident seller is required to make an estimated Income Tax payment if none of the Seller’s Assurances apply in the Seller’s Assurances section of this form (GIT/REP-3). If one of the Seller’s Assurance boxes on the GIT/REP-3 applies to the transfer, complete the form following the instructions below. Do not submit a completed GIT/REP-3 to the Division of Taxation. Note: Boxes 2 through 16 also apply to nonresidents. 

On the GIT/REP-4, a new paragraph was added after item #3: 

If the waiver cannot be emailed because the party submitting the request does not have access to email or a scanner, the waiver request may be submitted to Division of Taxation, Regulatory Services Branch, PO Box 269, Trenton, New Jersey, 08695. Note: If mailing the request, only include a copy. Do not mail the original notarized deed. 

And the following was added to the end of the next paragraph on the form:              

Please include a point of contact in case the Division of Taxation needs to contact you. 

Please be reminded that it is important that the most current version of any required State form always be used.  

If you have any questions about Title Insurance or if there is anything else we can do to assist you, please contact us at (212) 239-8789.

View Revised GIT/REP-3View Revised GIT/REP-4