US HB2832 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on May 17 2019 - 25% progression, died in committee
Action: 2019-05-17 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 17 2019 - 25% progression, died in committee
Action: 2019-05-17 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows a business-related 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 at least two years 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 term permitted under state law. A "qualified manufactured home community cooperative or corporation" is a cooperative or a nonprofit corporation established pursuant to the laws of the state in which the property is located. The bill specifies membership and governance requirements for the communities owned by the cooperative or nonprofit corporation. The bill also imposes a tax on buyers who violate the covenant to use the property for manufactured housing for at least 50 years or the maximum term permitted under state law.
Title
Frank Adelmann Manufactured Housing Community Sustainability Act
Sponsors
Rep. Ilhan Omar [D-MN] | Rep. Barbara Lee [D-CA] | Rep. Joseph Neguse [D-CO] | Rep. Mark Pocan [D-WI] |
Rep. Christopher Pappas [D-NH] | Rep. Ann Kuster [D-NH] | Rep. Peter DeFazio [D-OR] | Rep. Ro Khanna [D-CA] |
Rep. Rashida Tlaib [D-MI] | Rep. Suzanne Bonamici [D-OR] |
History
Date | Chamber | Action |
---|---|---|
2019-05-17 | House | Referred to the House Committee on Ways and Means. |
2019-05-17 | House | Introduced in House |
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/2832/all-info |
Text | https://www.congress.gov/116/bills/hr2832/BILLS-116hr2832ih.pdf |