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Private transfer fees, a relatively recent financing tool, are a way to bankroll multimillion dollar development concessions without necessarily affecting a home's initial purchase price." Jim Sanders [66] "A bill backed by the Realtors failed to get a single vote. The defeat came at the hands of an alliance between developers and non-profits. [67]
A bill of costs is an itemized list of expenses a prevailing party in a lawsuit or action needs to pay for services procured from a lawyer. [1] It can have varying levels of detail and should describe the nature of the work done by the lawyer for the client, and any other expenses incurred.
A bill of sale has been defined as a legal document made by the seller to a purchaser, reporting that on a specific date at a specific locality and for a particular sum of money or other value received, the seller sold to the purchaser a specific item of personal property or parcel of real property of which he had lawful possession.
A flip tax is a fee paid by a seller or buyer on a housing co-op transaction, typically in New York City.It is not a tax and is not deductible as a property tax.It is a transfer fee, payable upon the sale of an apartment to the co-op.
Taxing jurisdictions levy tax on property following a preliminary or final determination of value. Property taxes in the United States generally are due only if the taxing jurisdiction has levied or billed the tax. The form of levy or billing varies, but is often accomplished by mailing a tax bill to the property owner or mortgage company. [48]
The New York Legislative Bill Drafting Commission (LBDC) aids the New York State Legislature in drafting legislation; advises as to the constitutionality, consistency or effect of proposed legislation; conducts research; and publishes and maintains the documents of the Legislature. [1] [2] It is composed of two commissioners.