Taxes Rise on Manufactured and Modular Homes

MHProNews has learned from charlotteobserver the North Carolina state senate has approved a tax reform plan on second reading with the third and final reading—and likely approval– set for Tue., June 18. The Republican-dominated senate bill includes a tax hike for factory-built homes. Under the new measure the sales tax on manufactured homes would rise from 2 percent with a $300 cap to 4.75 percent with no cap. For modular homes the increase would go from 2.5 percent to 4.75%. Democrats contend this will hurt small businesses. The measure will move to the House for reconciliation with its bill after the final vote.

(Photo credit: thetimesnews–refurbished manufactured home in Burlington, NC)

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