A Pass on Taxes – For Now

The City will not bill $430 million in co-op and condo tax breaks that the State Legislature failed to renew this year, Crains Insider reported yesterday. The article quotes Paul Korngold, attorney and ABO member, who noted that the City is acting illegally in hopes that Legislature will act retroactively in January, and that “one lawsuit could unravel the whole process, and send tax bills soaring for hundreds of thousands of property owners”.

Sandy may have knocked out the phones in the ABO office, but it didn’t knock out Arverne By the Sea in Rockaway. Arverne and a select few waterfront communities in the region are touting their storm resilience to encourage sales…in what will undoubtedly be a model for post-Sandy waterfront development and marketing.

The deadline for third quarter rebate applications (covering April thru September) on building materials has been extended to November 30th. If you are an ABO builder member who bought anything from any of the following manufacturers you can get cash back: Bilco, Blanco, Boise Cascade, Bradford White, Bryant, Carrier, Clopay Garage Doors, ClosetMaid, Columns Inc., Daltile, Delta Faucet, Dirt Devil Central Vac., Dixie Pacific, Eldorado Stone, Exterior Portfolio, Fypon, HB&G Columns, Heatilator, Heat & Glo, Honeywell Comfort Solutions, Honeywell Security, Jacuzzi , Legrand Home Systems, Lutron, Mansfield Plumbing, Mohawk Portico Collection, Owens Corning Roofing Shingles, Owens Corning Energy Complete System, PPG Paints, Progress Lighting, Royal Building Products, Tyco Rapid Response, Therma-Tru Doors, TimberTech Decking, TimberTech FenceScape, Turnkey Millwork, VACUFLO Central Vac, Velux Skylights, Warmly Yours Radiant, Zurn Industries Inc.

ABO offices will be closed tomorrow and Friday for the Thanksgiving holiday.

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