Manufactured Housing Community Sustainability Act of 2022

Summary

Manufactured Housing Community Sustainability Act of 2022 This bill allows a new tax credit equal to 75% of the gain from the sale or exchange of real property to a qualified manufactured home community cooperative or corporation if  (1) the property is acquired for use as a manufactured home community, (2) the seller (or any related person) owned the property for the entire two-year period before the sale or exchange, and (3) the property is transferred subject to a binding covenant that the property will be used as a manufactured home community for at least 50 years or the maximum permissible term under state laws that restrict such covenants to a lesser term. The bill defines manufactured home community as a community comprised primarily of manufactured homes used solely for residential purposes and owned by a manufactured home community cooperative or corporation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 23 June 2022

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 23 June 2022

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 23 June 2022 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 23 June 2022

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 23 June 2022

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 23 June 2022

  Open at official source

Sponsors

• Jeanne Shaheen · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → Manufactured Housing Community Sustainability Act of 2024