Rhode Island General Laws 31-44-3.3. Future qualified sale of mobile- and manufactured-home community
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The qualified sale of a mobile- or manufactured-home community to a resident-owned organization is exempt from the real estate conveyance tax imposed under chapter 44-25.
History of Section.
P.L. 2012, ch. 364, § 2; P.L. 2012, ch. 391, § 2.
Terms Used In Rhode Island General Laws 31-44-3.3
- Qualified sale: means the sale of a mobile- and manufactured-home park to a resident organization with the goal of resident ownership by at least fifty-one percent (51%) of the homeowner households residing in the park. See Rhode Island General Laws 31-44-1
- real estate: may be construed to include lands, tenements, and hereditaments and rights thereto and interests therein. See Rhode Island General Laws 43-3-10