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Additional Information on the New Jersey Mansion Tax
On June 30, 2025, New Jersey Governor Phil Murphy signed into law Assembly Bill No. 5804 (A5804), significantly revising the state’s Mansion Tax transfer fee regime on real estate transactions […]
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FAQs on Increase in the New Jersey Mansion Tax
We now know the Legislature has passed and the Governor has signed the “Budget Bill” which effects several taxes, including the Mansion Tax, which we will now discuss. When will […]
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Increase in the New Jersey Mansion Tax
As you may be aware, Governor Phil Murphy and legislative leaders are in the final stages of negotiating New Jersey’s new state budget, with the statutory deadline just one week […]
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TIRSA Rate Manual Updates – Effective 10/1/2024
This post is to advise you of changes to the New York State TIRSA Rate Manual, 7th Revision effective 10/1/2024. This revision contains all changes approved by the Superintendent of […]
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NY Quarterly Legal Journal
I hope this message finds you well as we move into the third quarter of 2024 and the start of summer. Below you will find the July 2024 edition of […]
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City of Mount Vernon change transfer tax
Effective January 1, 2024 the City of Mt. Vernon has increased their Transfer Tax rate from 1% to 1.5%. The exemption level has been reset to $50,000. The increased rate […]
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JDS’ 111 West 57th Street penthouse sells for $53M
JDS Development has locked down another deal at 111 West 57th Street. An unknown buyer paid $53 million, or roughly $7,600 per square foot, for a penthouse at the Billionaires’ […]
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FinCEN Issues Compliance Guide to Help Small Businesses Report Beneficial Ownership Information
Immediate Release September 18, 2023 WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published a Small Entity Compliance Guide to assist the small business community in […]
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NYS Dept of Taxation, Opinion on Revocable Licenses
NYS Department of Taxation and Finance (DTF) recently took the position that a revocable license granted for a parking space and a revocable license granted for storage space in a […]
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Current Developments, July, 2023
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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Suffolk County, Peconic Bay Tax Explainer
WHAT The Peconic Bay Community Preservation Fund Tax rate will increase on April 1, 2023 per NY Tax Law 1449-BB and local town codes. Note -Property with a binding contract […]
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Current Developments, March 2023
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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New Notary Regulations: Remote Notary & Journal Requirements
A new law, NY Executive Law Section 135-c, authorizes notaries to perform electronic notarial acts by registering with the Department of State and complying with new rules. Notaries wishing to […]
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Suffolk County, Additional Peconic Bay Tax
On January 10, 2023, the County of Suffolk issued a memo announcing that it will delay the full implementation of the recently enacted changes for the Peconic Bay Community Preservation […]
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NY Title Industry News and Updates – July 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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NY Title Industry News and Updates – May 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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NY Title Industry News and Updates – April 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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NY Title Industry News and Updates – February 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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NY Title Industry News and Updates – January 2022
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]
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NY Title Industry News and Updates – November 2021
Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]