Supreme Court ruling benefits Communities seeking Coop Status

Iowas State Supreme Court Building, Flckr CC Photo posted at MHProNews.comIAMHA executive director Joe Kelly tells that the Iowa Supreme Court decision has come down today in a case important to those seeking to transition manufactured home communities into resident owned communities. The Board of Review of Jasper County, Iowa, sought further review of the court of appeals decision which had affirmed the judgment of the district court that two residential cooperatives be classified as residential property for property tax purposes. The decision of the Court of Appeals was affirmed. This means the tax treatment of resident owned communities will be more favorable than it would be if the communities would be treated as commercial entities for tax purposes.

(photo credit: Flikr CC)

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