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Old 07-15-2007, 11:23 PM
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Default Correction: Can a Co-op Recover Tax Abatements?

An answer in the Q & A column on July 1, about tax abatements for New York City co-op owners, misstated certain eligibility provisions. The abatements are available to those who own three or fewer apartments in a co-op; owners of three apartments are not excluded from receiving rebates. In addition, sponsors of co-op conversions are never eligible, even if they own three or fewer apartments.

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