Virtual Underwriter

© 2020 Stewart Title Company

Bulletin: NY000659

Bulletins by State or Territory
Bulletins by Country

Bulletin: NY000659

Bulletin Document
V 1
Date: May 18, 2021
To: All New York State Agents, Office Counsel, and Managers
RE: Revised IT-2663 Form

Kindly be advised that a revised IT-2663 form has been recently implemented by the NYS Department of Finance. A link to the revised form is provided below; the difference between the old form and the new form can be found on their respective Line 19; the prior form provided for a New York State tax rate of 8.82 percent whereas the revised form sets forth a tax rate of 10.90 percent. The revised form also distinguishes itself from the prior form in that the revised form contains the date “4/21” in the upper right hand corner of the first page.

Link: https://www.tax.ny.gov/pdf/current_forms/it/it2663_fill_in.pdf

In addition, you are encouraged to check the NYSDOF website regularly as forms are sometimes revised without prior notice to the title industry. General link is provided below:

https://www.tax.ny.gov/forms/real_prop_tran_cur_forms.htm

In the event you have any questions regarding the above please contact Stewart Title Legal Department at 212-922-0050 and speak with any Underwriting Counsel.

For on-line viewing of this and other bulletins, please log onto www.vuwriter.com.

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

References