An Act To Protect Residents Of Mobile Home Parks By Amending The Real Estate Transfer Tax

LD 1768 amends Maine's real estate transfer tax law to better support mobile home park residents. It exempts transfers of mobile home parks to residents or resident-owned associations from the standard transfer tax, making it easier for residents to collectively purchase their parks. Additionally, all tax revenue generated from mobile home park sales (to non-residents) must be directed to the Maine State Housing Authority and deposited into the Housing Opportunities for Maine Fund, which supports statewide housing initiatives. These changes take effect starting in fiscal year 2026-27.