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Wednesday, January 03, 2024 10:33:46 PM
Your words
"keep in mind the tax abatements were issued (supposedly late Feb 2023) before the LOI and property purchase agreement had both expired prior to June 30, 2023. "
The tax use and abatements include the TAX FREE BONDS.
But we will leave that out just for you for the moment.
Again your words
" tax abatements were issued (supposedly late Feb 2023"
My words
"There were never any abatement issued, they may have been agreed to once conditions were met and those agreements if they have an expiration date could easily be renegotiated, but no abatements are active until they meet the following."
followed by
"For property tax, .......the abatement shall start on the date the project is placed in service or such date as specified in the abatement agreement."
again
"For property tax, if bonds are issued the abatement shall start on the date the bonds are issued to finance the cost of the private use property;
one again your words
"sales & tax use and abatements
my words
"For sale tax abatements you have to sell something first"
ROFLMAO!
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