The bill H.757 amends various provisions related to manufactured homes and limited equity cooperatives in Vermont. It introduces new definitions and clarifications regarding mobile homes, including criteria for determining when a mobile home is considered permanently sited. The bill also modifies the requirements for real estate deeds associated with mobile homes, specifying that warranty and quitclaim deeds must be issued upon financing or selling a mobile home. Additionally, it establishes that mobile home parks organized as limited equity cooperatives must adhere to specific regulations regarding subleasing and treatment for state funding purposes.

Furthermore, the bill enhances the sales and use tax exemptions for mobile homes and modular housing, increasing the percentage of receipts exempt from tax and creating parity for new energy-efficient mobile homes. It also allows the Secretary of State to update the registration of limited equity cooperatives to reflect their corporate structure accurately. The act is set to take effect on July 1, 2026, with certain provisions regarding sales and use tax exemptions commencing on January 1, 2027.

Statutes affected:
As Introduced: 9-72, 11-1598, 24-4412, 10-1264, 32-9706(s), 32-9706, 32-9741, 32-9601, 32-9602, 32-9605, 32-9606, 32-9607, 32-3802
As Passed By the House -- Official: 9-72, 11-1598, 24-4412, 10-1264, 32-9706(s), 32-9706, 32-9741, 32-9601, 32-9602, 32-9605, 32-9606, 32-9607, 32-3802, 11-1583
As Passed By the House -- Unofficial: 9-72, 11-1583, 11-1598, 24-4412, 32-9706, 32-9741