SB1841 Summary

• Creates a reduced tax rate for first-time purchases of manufactured homes affixed to permanent foundations in Illinois, effective January 1, 2024.

• Tax imposed on manufactured homes applies to only 50% of the selling price under the Use Tax Act and 50% of gross receipts under the Retailers' Occupation Tax Act.

• Requires purchaser to certify that the manufactured home will be affixed to a permanent foundation in the State to qualify for the reduced rate.

• Seller must retain the purchaser's certification in records for 7 years after the sale date.

• Defines "manufactured home" as a factory-assembled dwelling complying with federal standards (42 U.S.C. 70), transportable in sections, installed per manufacturer instructions, and containing at least 320 square feet.