2023 Session

Budget Amendments - SB800 (Member Request)

View Budget Item
View Budget Item amendments

Chief Patron: Hashmi
Mobile Home Park Sales - Tax Consequences of Sale to Nonprofit (SB 922) (language only)

Item 0 #5s

Item 0 #5s

Department of Taxation (161)


Page 1, line 39, strike "$26,901,248,506" and insert "$26,900,328,506".


(This amendment supports Senate Bill 922, a bill allowing a mobile home park owner to deduct from their taxable income any gain they receive from selling a mobile home park to a nonprofit housing provider who agrees to maintain the property as a mobile home park for 30 years or to a group of residents representing at least 25 percent of the park. This amendment assumes a general fund revenue reduction of $920,000 in the second year as a placeholder. The actual revenue impact is to be determined.)