Connecticut General Statutes 21-70c – Conveyance tax exemption when a mobile manufactured home park is purchased by its residents
An owner of a mobile manufactured home park that sells, leases or transfers such park to residents of the park in compliance with the requirements of section 21-70b or subsection (f) of section 21-70 shall be exempt from the payment of any state or municipal conveyance tax otherwise due under chapter 223 based on the sale price of the park, provided (1) the entity purchasing the mobile manufactured home park is owned by more than fifty per cent of the residents of the park or an organization to which the rights of the residents have been assigned pursuant to subsection (g) of section 21-70b, and (2) the sale requires the continued maintenance of the property as a mobile manufactured home park. For such a sale, the buyer of the park shall be liable for the municipal portion of the conveyance tax and for fifty per cent of the state portion of such tax, unless the buyer is otherwise exempt by law from such conveyance tax. The transaction shall otherwise be exempt from the balance of such tax.
Terms Used In Connecticut General Statutes 21-70c
- Mobile manufactured home: means a detached residential unit having three-dimensional components which are intrinsically mobile with or without a wheeled chassis or a detached residential unit built on or after June 15, 1976, in accordance with federal manufactured home construction and safety standards, and, in either case, containing sleeping accommodations, a flush toilet, tub or shower bath, kitchen facilities and plumbing and electrical connections for attachment to outside systems, and designed for long-term occupancy and to be placed on rigid supports at the site where it is to be occupied as a residence, complete and ready for occupancy, except for minor and incidental unpacking and assembly operations and connection to utilities systems. See Connecticut General Statutes 21-64
- owner: means a licensee or permittee or any person who owns, operates or maintains a mobile manufactured home park. See Connecticut General Statutes 21-64
- park: means a plot of ground upon which two or more mobile manufactured homes, occupied for residential purposes are located. See Connecticut General Statutes 21-64