OBILE HOME TRANSFER TAX
House Bill 5099
Sponsor: Rep. Matt Milosch
Committee: Local Government and Urban Policy
Complete to 10-3-03
A SUMMARY OF HOUSE BILL 5099 AS INTRODUCED 9-30-03
House Bill 5099 would amend the Mobile Home Commission Act to require that a transfer tax be levied on the sale of a mobile home, and to provide for the disposition of that tax.
The bill specifies that beginning January 1, 2004, a state transfer tax would be imposed on the sale or transfer of a mobile home. The transfer tax would be levied at a rate of 0.86 percent of the total value of the mobile home being transferred. The tax would be paid to the Department of Consumer and Industry Services (or its successor department) when the certificate of title was transferred to the new owner. The tax would be collected by the department, and at least once each month forwarded to the state treasurer to be credited to the School Aid Fund.
The bill also specifies that upon payment of the transfer tax, and upon the filing with the department of a valuation affidavit, a new certificate of title would be issued. The department could cancel or refuse to issue a certificate of title if it determined that the transfer tax had not been paid, had been underpaid, or that the valuation affidavit contained fraudulent or erroneous information.
Definitions. Under the bill, “valuation affidavit” would be defined to mean an affidavit developed and supplied by the department that provided for all of the following: name and address of the seller or transferor; name and address of the buyer or transferee; description of the mobile home contained in the certificate of title; value of the mobile home being transferred or sold; and any other information required by the department. The bill would define “value” to mean the current or fair market worth in terms of legal monetary exchange at the time of sale or transfer.
MCL 125.2330c and 125.2330g
_____________________________________________________________________________________________________________________
This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.