,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #bega  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #bf1         
#bjai,mrs4 ,%ahe5 7= h]self & ,ms4      
,smi?7 introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to all[ a bus9ess 
cr$it = ga9 f ! sale ( real prop]ty =   
use z a manufactur$ home community1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,manufactur$ ,h\s+     
,community ,su/a9ability ,act ( #bjai4  
#b4 ,f9d+s ,! ,congress f9ds t--  7#a7 m
 ?an #ag1jjj1jjj p live 9 manufactur$   
homes & b5efit f high-quality af=dable  
homes :i* provide /ability2  7#b7 own]s 
( manufactur$ homes h disproportionately
 l[-income h\seholds1 & 9 #bjac1 ! m$ian
 annual h\sehold income = liv+ 9        
manufactur$ h\s+ 0 #bh1djj2  7#c7       
approximately #ge p]c5t ( manufactur$   
home h\seholds e>n less ?an #ej1jjj p]  
ye>2  7#d7 m ?an #aj p]c5t ( vet]ans 9 !
 ,unit$ ,/ates live 9 manufactur$ homes2

  7#e7 9 late #aiij1 manufactur$ h\s+   
repres5t$ #b_/c ( ! new af=dable h\s+   
produc$ 9 ! ,unit$ ,/ates & rema9s a    
significant s\rce ( unsubsidiz$ af=dable
 h\s+ 9 ! ,unit$ ,/ates2  7#f7 9 #bjae1 
! av]age co/ p] squ>e foot = a new      
manufactur$ home 0 #dh doll>s1 less ?an 
half ( ! co/ p] squ>e foot = a new-site 
built1 /ructure-only home1 :i* 0 #aja2  
7#g7 9 #bjji1 #dc p]c5t ( all new homes 
t sold = less ?an #aej1jjj 7 manufactur$
 homes2  7#h7 manufactur$ homes acc\nt =
 #bc p]c5t ( new home sales "u #bjj1jjj2
  7#i7 m ?an #ej1jjj manufactur$ home   
communities1 also ref]r$ to z mobile    
home p>ks1 exi/ ?r\gh\t ! ,unit$ ,/ates2
  7#aj7 m ?an #b1ijj1jjj manufactur$    
homes are plac$ 9 manufactur$ home      
communities2  7#aa7 manufactur$ home    
communities provide critical af=dable   
h\s+1 b receive v little ,f$]al1 ,/ate1 
or local funds to subsidize ! co/ (     
manufactur$ homes2  7#ab7 manufactur$   
home own]s 9 su* communities may own !  
home1 b !y d n own ! l& "u ! home1 :i*  

leaves ! home own]s vuln]able to r5t    
increases1 arbitr>y rule en=cem5t1 & 9 !
 case ( a manufactur$ home community    
own] conv]t+ ! l& to "s o!r use1        
community closure2  7#ac7 an eviction or
 closure ( a manufactur$ home community 
is v disruptive to a resid5t :o may be  
unable to pay ! ?\s&s ( doll>s x takes  
to move ! manufactur$ home or f9d a new 
location = ! manufactur$ home2  7#ad7 9 
an ef=t to pres]ve a crucial s\rce (    
af=dable h\s+ )9 ! pa/ two decades1 a   
national network ( h\s+ provid]s has    
help$ resid5ts pur*ase & own ! l& "u !  
manufactur$ home community1 & manage !  
manufactur$ home community2  7#ae7      
nationwide1 !re are m ?an #a1jjj /able1 
p]man5t own]%ip coop]atives or          
nonpr(it-own$ developm5ts 9 m ?an a doz5
 ,/ates2  7#af7 memb]s ( manufactur$    
home communities cont9ue to own su*     
homes individually1 own an equal %>e ( !
 l& b5ea? ! entire manufactur$ home     
community1 p>ticipate 9 ! gov]n+ ( !    
community1 & elect a bo>d ( directors :o

 make major decisions )9 ! manufactur$  
home community by a democratic vote2    
7#ag7 9 ,new ,hamp%ire1 m ?an #cj p]c5t 
( manufactur$ home communities are own$ 
by resid5ts2  7#ah7 resid5t-own$        
coop]atives & nonpr(it own$ communities 
h also fl\ri%$ 9 ,v]mont1 ,massa*usetts1
 ,rhode ,isl&1 ,wa%+ton1 ,oregon1 &     
,m9nesota2  7#ai7 nationwide1 only #b   
p]c5t ( all manufactur$ home communities
 are resid5t or nonpr(it-own$2  7#bj7   
manufactur$ home community own]s (t5    
pref] to devise su* prop]ty tax free1 r 
?an sell+ ! community1 9 ord] to avoid  
capital ga9 taxes2  7#ba7 :5 ! own] ( a 
manufactur$ home community dies1 ! heirs
 ( ! own] frequ5tly sell ! community to 
! highe/ bidd] :i* results 9 displacem5t
 = doz5s & sometimes hundr$s ( families2
 &  7#bb7 9 ord] to pres]ve manufactur$ 
home communities 9 ! future1 a ,f$]al   
tax b5efit %\ld be e/abli%$ to induce   
manufactur$ home community own]s to sell
 su* prop]ties to resid5ts t ! own]s h  
kn[n = decades1 or to nonpr(it          

organizations4  #c4 ,tax cr$it =        
manufactur$ home community sale to      
resid5ts or nonpr(it entity  7a7 ,9     
g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a
 ( *apt] #a ( ! ,int]nal ,rev5ue ,code (
 #aihf 7relat+ to bus9ess relat$ cr$its7
 is am5d$ by add+ at ! end ! foll[+ new 
section3  #de,t4 ,manufactur$ home      
community sale to resid5ts or nonpr(it  
entity  7a7 ,all[ance ( cr$it ,=        
purposes ( section #ch1 ! manufactur$   
home community sale cr$it det]m9$ "u ?is
 section = any taxable ye> is an am\nt  
equal to #ge p]c5t ( ! qualifi$ ga9     
receiv$ by ! taxpay] dur+ ! taxable ye>4
  7b7 ,def9itions ,= purposes ( ?is     
section-- 7#a7 ,qualifi$ ga9 ,! t]m     
qualifi$ ga9 means ga9 f ! sale or      
ex*ange ( real prop]ty to a qualifi$    
manufactur$ home community coop]ative or
 corporation if--  7,a7 ! real prop]ty  
is acquir$ = use z a manufactur$ home   
community1  7,b7 ! sell] 7or any relat$ 
p]son7 own$ ! prop]ty = ! entire #b-ye> 
p]iod end+ on ! day be=e ! sale or      

ex*ange1 &  7,c7 ! prop]ty is transf]r$ 
subject to a b9d+ cov5ant t ! prop]ty w 
be us$ z a manufactur$ home community = 
n less ?an #ej ye>s 7or1 9 ! case ( a   
manufactur$ home community locat$ 9 a   
,/ate ! laws ( :i* re/rict su* cov5ant  
to a less] t]m1 ! maximum p]missible t]m
 all[$ "u su* ,/ate laws74  7#b7        
,manufactur$ home community ,! t]m      
manufactur$ home community means a      
community compris$ prim>ily (           
manufactur$ homes us$ solely =          
resid5tial purposes & own$ by a         
manufactur$ home community coop]ative or
 corporation4  7#c7 ,qualifi$           
manufactur$ home community coop]ative or
 corporation  7,a7 ,9 g5]al ,! t]m      
qualifi$ manufactur$ home community     
coop]ative or corporation means a       
coop]ative or a nonpr(it corporation    
e/abli%$ pursuant to ! laws ( ! ,/ate 9 
:i* ! prop]ty us$ z a manufactur$ home  
community is locat$1 & :i*--  7i7 9 !   
case ( a community own$ by a nonpr(it   
corporation ^: memb]%ip int]e/s are sold

 on a nonappreciat+ basis1 has only #a  
class ( memb]%ip & su* class consi/s    
solely ( resid5ts1 &  7ii7 9 ! case ( a 
community own$ by a coop]ative1 has n m 
?an #b classes ( memb]%ip1 & su* classes
 consi/ solely ( resid5ts & a tax-exempt
 organization4  7,b7 ,gov]nance ,an     
entity %all n be treat$ z a qualifi$    
manufactur$ home community coop]ative or
 corporation unless gov]nance ( ! entity
 is c>ri$ out by memb]s elect$ to a bo>d
 ( directors ) vot+ /ructur$ equitably  
among all memb]s4  7,c7 ,memb] ,! t]m   
memb] means-- 7i7 an individual :o--    
7,i7 has atta9$ ! age ( #ah1  7,,ii7 is 
entitl$ to be a memb] by reason (--     
7aa7 ! memb]%ip int]e/ ( ! individual to
 execute an occupancy agreem5t ) !      
manufactur$ home community coop]ative   
nonpr(it ) respect to a site 9 !        
manufactur$ home community 9 ord] to    
e/abli% a manufactur$ home :i* is own$  
by ! individual1 or  7bb7 p]mission f ! 
manufactur$ community coop]ative or     
corporation1 ! memb]'s tru/1 or o!r     

entity1 &  7,,iii7 is a resid5t ( !     
manufactur$ home community1 &  7ii7 a   
tax exempt organization4  7#d7 ,memb]%ip
 int]e/ ,! t]m memb]%ip int]e/ means--  
7,a7 an own]%ip int]e/ 9 a manufactur$  
home community coop]ative or            
corporation1 or  7,b7 a memb]%ip int]e/ 
9 a manufactur$ home community nonpr(it 
corporation4  7#e7 ,manufactur$ home ,! 
t]m manufactur$ home means a /ructure   
:i* is transportable 9 "o or m sections1
 :i*-- 7,a7 9 travel+ mode1 is #h body  
feet or m 9 wid? & #dj body feet or m 9 
l5g?1 or1 :5 erect$ on site1 is #cbj    
squ>e feet or m1  7,b7 is built on a    
p]man5t *assis & design$ to be us$ z a  
dwell+ 7) or )\t a p]man5t f\ndation :5 
connect$ to requir$ utilities7 &        
includes plumb+1 heat+1 & electrical    
heat+ sy/ems1 &  7,c7 9 ! case ( a      
/ructure manufactur$ aft] ,june #ae1    
#aigf1 is c]tifi$ z meet+ ! ,manufactur$
 ,home ,con/ruction & ,safety ,/&>ds    
issu$ "u ! ,national ,manufactur$ ,h\s+ 
,con/ruction & ,safety ,/&>ds ,act (    

#aigd 7#db ,u4,s4,c4 #edja et seq47 by !
 ,dep>tm5t ( ,h\s+ & ,urban ,developm5t 
& displays a label ( su* c]tification on
 ! ext]ior ( ea* transportable section4 
7c7 ,special rules  7#a7 ,relat$ p]son  
,= purposes ( subsection 7b77#a77;,b71 a
 p]son is relat$ to ! sell] if-- 7,a7   
su* p]son be>s a relation%ip to ! sell] 
z specifi$ 9 section #bfg7;b7 or        
#gjg7;b77#a71 or  7,b7 su* p]son & !    
sell] are engag$ 9 trades or bus9esses  
"u common control )9 ! mean+s (         
subsections 7a7 & 7b7 ( section #eb4    
7#b7 ,election by bo? sell] & buy] ,!   
cr$it is all[able "u ?is section only   
if-- 7,a7 bo? ! sell] & ! pur*as] ( !   
real prop]ty execute an affidavit       
repres5t+ t ! sale meets ! requirem5ts (
 subsection 7b77#a71 & ! pur*as]        
ackn[l$ges liability = ! recapture ( !  
cr$it "u subsection 7d7 9 case ( any    
violation describ$ 9 su* subsection1    
7,b7 ! pur*as] ( ! real prop]ty records 
! affidavit1 &  7,c7 ! affidavit is     
ref]5c$ 9 ! de$ to ! real prop]ty4  7#c7

 ,requirem5t ,! sell] %all include a    
copy ( ! affidavit repres5t+ ! sale ) ! 
return ( tax4  7d7 ,tax ^u violation (  
cov5ant ,!re is impos$ a tax on ! buy] =
 a violation ( ! cov5ant specifi$ 9     
subsection 7b77#a77;,c74 ,! am\nt ( su* 
tax %all be #bj p]c5t ( ! net proce$s   
aft] settlem5t = ! sale or ex*ange ( !  
real prop]ty ref]r$ to 9 subsection     
7b77#a74 ,= purposes ( section #eja7;a71
 ! tax impos$ by ?is subsection %all n  
be treat$ z a tax impos$ by ?is         
subtitle4  7e7 ,regulations ,! ,secret>y
 %all issue su* regulations or o!r      
guidance z may be necess>y to c>ry out  
?is section1 includ+ ! recapture "u     
subsection 7d74  4  7b7 ,cr$it all[$ z  
"p ( g5]al bus9ess cr$it  ,section      
#ch7;b7 ( ! ,int]nal ,rev5ue ,code (    
#aihf is am5d$--  7#a7 by /rik+ plus at 
! end ( p>agraph 7#ca72  7#b7 by /rik+ !
 p]iod at ! end ( p>agraph 7#cb7 &      
ins]t+ 1 plus2 &  7#c7 by add+ at ! end 
! foll[+ new p>agraph3  7#cc7 !         
manufactur$ home community sale cr$it   

det]m9$ "u section #de,t7a74  4  7c7    
,con=m+ am5dm5ts  7#a7 ,subsection 7c7 (
 section #aif ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$--  7,a7 by /rik+ & at 
! end ( p>agraph 7#ac72  7,b7 by /rik+ !
 p]iod at ! end ( p>agraph 7#ad7 &      
ins]t+ 1 &2 &  7,c7 by add+ at ! end !  
foll[+ new p>agraph3  7#ae7 !           
manufactur$ home community sale cr$it   
det]m9$ "u section #de,t7a74  4  7#b7 ,!
 table ( sections = subp>t ,d ( "p ,,iv 
( sub*apt] ,a ( *apt] #a ( su* !        
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new item3     
,sec4 #de,t4 ,manufactur$ home community
 sale to resid5ts or nonpr(it entity4  4
  7d7 ,effective date ,! am5dm5ts made  
by ?is section %all apply to taxable    
ye>s beg9n+ aft] ,decemb] #ca1 #bjai4