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House advances bill to streamline treatment and taxation of manufactured homes after extended debate
Summary
Lawmakers amended and advanced H757 to clarify titles, zoning, and tax treatment for manufactured homes and limited-equity cooperatives, aiming to reduce double taxation and treat manufactured homes more like site-built housing; tax changes were delayed to allow administrative implementation.
The House on March 17 amended and advanced H757, a bill that rewrites how Vermont treats manufactured homes and limited-equity cooperatives (LECs), aiming to reduce transaction costs and remove zoning and tax barriers that advocates say impede affordable homeownership.
The measure clarifies that manufactured, modular and prefabricated homes ‘‘must be treated the same as site-built homes for land-use purposes,’’ and preserves two paths for transferring a manufactured home — by deed (real property) or by bill of sale (personal property). The member presenting the bill said the deed option ‘‘provides greater protection to the buyer’’…
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