New York Codes, Rules and Regulations
Title 20 - DEPARTMENT OF TAXATION AND FINANCE
Chapter IV - Sales And Use And Other Miscellaneous Taxes
Subchapter D - Mortgage Recording Taxes
Part 643 - Executory Contracts
Section 643.1 - Executory contracts as mortgages
Universal Citation: 20 NY Comp Codes Rules and Regs ยง 643.1
Current through Register Vol. 46, No. 12, March 20, 2024
Tax Law, § 250
An executory contract for the sale of real property or both real and personal property under which the purchaser has or is entitled to possession of the real property prior to the delivery of a deed constitutes a mortgage as the term "mortgage" is defined at section 641.6(a) of this Title, the recording of which is subject to the taxes described in Part 642 of this Title.
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