Recently Enacted New York Transfer Tax Return Disclosure Requirements Seek to Identify LLC Members

Chapter 297 of the Laws of 2019, was enacted by the New York State Senate and Assembly amending Section 1409(a) of New York Tax Law and amending Section 11-2105 of the Administrative Code of the City of New York to add a new subdivision (h), which created new disclosure requirements for conveyances of certain residential real property within New York State to or from a limited liability company (the “Act”).

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