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Iowa Legislature Weighs MHC Tax Reform

Following up on a story MHProNews posted April 17 concerning residential rental property in the Iowa legislature that would provide a tax break for manufactured housing communities, Joe Kelly of the Iowa Manufactured Housing Association (IAMHA) says the House rewrote SF 295 that the Senate had passed and returned it to the Senate, which he says will turn it down. A conference committee will attempt to iron out differences. Kelly notes MHCs would be part of any commercial property tax reform, but the House version is a better deal. It would provide an annual ten percent discount for four consecutive years for manufactured housing communities after which the tax rate would have been the same as residential property.

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