Condo owners with bad drywall may get no tax break

Florida's condominium and townhome owners with tainted drywall may be excluded from tax relief promised in a new law. The Florida Department of Revenue said Wednesday that deep tax breaks only belong to owners of traditional homes. "The department doesn't think the law was meant to cover any structure other than detached, single family homes," said Robert Babin, legislative affairs director for the department. "There is a statutory provision that defines single-family differently than other types of homes." This comes after the governor's office said Monday that condos and townhomes would qualify for the help. The office has since said it made a mistake. The law, passed earlier this month, says owners of single-family homes who cannot live in their houses because of bad drywall won't have to pay a penny of property tax on the home's value. (The owner would still be responsible for taxes on the land.)

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