SB 344 - Manufactured Home Energy Savings Tax Credit

• Provides a refundable income tax credit equal to the lesser of 20% of the purchase price or $8,000 for taxpayers who purchase a new energy-efficient manufactured home during 2010 to replace a pre-1981 mobile or manufactured home.

• Requires the replaced home to be destroyed and recycled, with the new home installed in the same general location, and the owner must have used the old home and use the new home as a primary residence year-round.

• Taxpayer must sign an agreement with the department and certify for three years after claiming the credit that all conditions continue to be met.

• Credit is recaptured if any condition is violated, and the credit is not transferable between taxpayers.

• Credit is available only for taxable year 2010 and becomes effective retroactively to January 1, 2010.