Question
From:(redacted)
Sent:Thursday, April 27, 2006 9:45 AM
To:Verne, B. Michael
Subject:Realty Exemption
Mike- how does 802.2 apply to a parcel of land that had a business on it that wasnot exempt while it was operating, but where the building has been demolished(for example, when it was destroyed by the hurricane and the cleared because itwas beyond economically viable repair)? Does the 12 month rule apply where theimprovements are no longer present (or at least are not useable)? What aboutthe 36 month/ $5 million provision?