3.0.0 4475 2023-03-08T20:12:49Z 2023-03-08T20:12:49Z Senate S 2022-06-23 117 ssfi00 Finance Committee Senate Standing Referred to 2022-06-23T18:58:06Z 2022-06-23 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2022-06-23 Introduced in Senate IntroReferral 10000 9 Library of Congress S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH N Taxation Taxation 00 2022-06-23 Introduced in Senate 2022-07-12T15:45:17Z 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.

]]> Manufactured Housing Community Sustainability Act of 2022 Display Title Manufactured Housing Community Sustainability Act of 2022 Short Title(s) as Introduced Manufactured Housing Community Sustainability Act of 2022 Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to allow a business credit for gain from the sale of real property for use as a manufactured home community, and for other purposes. Introduced in Senate IS Introduced in Senate 2022-06-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s4475is/xml/BILLS-117s4475is.xml 2022-06-23 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.