59-2-1503. Property tax treatment of transportable factory-built housing units.

160 words·~1 min read·/ut/title-59/chapter-2/59-2-1503

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Regardless of whether a transportable factory-built housing unit is considered to be real property or personal property under Section 70D-2-401 , for purposes of this chapter:

(1)a transportable factory-built housing unit that is located in a transportable factory-built housing unit park:

(a)except as provided in Subsection (1)(b) , is considered to be personal property; and

(b)notwithstanding Subsection (1)(a) , is considered to be real property if the owner of the transportable factory-built housing unit owns the real property upon which the transportable factory-built housing unit is located; and

(2)a transportable factory-built housing unit that is not located in a transportable factory-built housing unit park:

(a)except as provided in Subsection (2)(b) , is considered to be personal property; and

(b)notwithstanding Subsection (2)(a) , is considered to be real property if the transportable factory-built housing unit is an improvement.

Amended by Chapter 72 , 2009 General Session