This bill is currently in the Senate Finance Committee for review. It was recently introduced and is waiting for the committee to decide on its next steps. There are no upcoming votes scheduled at this time.
Legislative Progress
Senate
House
President
Law
Unlikely to pass
The bill faces a difficult path because it involves significant changes to the tax code and currently lacks broad support from the opposing party.
How we got here
This bill’s path across every version that has carried it.
↺
Reintroduced
Reintroduced from S. 4584 (118th), which died when its Congress ended.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Life & Work
Mobile home park owners who sell their property to residents or nonprofits would receive a tax credit worth 75% of their profit from the sale. This is a substantial financial incentive that could make selling to residents more attractive than selling to commercial buyers, especially for smaller operators looking to exit the business.
“the manufactured home community sale credit determined under this section for any taxable year is an amount equal to 75 percent of the qualified gain received by the taxpayer during the taxable year.”
