This bill does the following.
1. It requires a person renewing a license to operate a manufactured housing community to submit satisfactory evidence to the Manufactured Housing Board.
2. It updates the computation of taxable income of resident individuals and corporations by providing a deduction in an amount equal to any gain recognized on the sale by the taxpayer of an ownership interest greater than 50% in a qualified property if the qualified property was transferred to a cooperative affordable housing corporation, a municipal housing authority or an affiliate of a municipal housing authority.
3. It exempts certain entities that purchase a manufactured housing community or a mobile home park from paying a transfer assessment fee and updates the sworn affirmation of exemption requirement.
4. It establishes liability for damages for a person that is required to pay a transfer assessment fee that fails to do so.
5. It moves from the Department of Professional and Financial Regulation to the Maine State Housing Authority the rule-making authority governing the establishment of a method to determine the net worth of an entity claiming an exemption from certain fees related to the purchase of a mobile home park or a manufactured housing community.

Statutes affected:
Bill Text LD 2149, SP 867: 10.9082, 10.9090, 10.9094