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Federal Regulations Planned for 2013 Will Impact Manufactured Housing

The Federal Government’s Semi-Annual Regulatory Agenda or (SAR) was published in the Federal Register on January 7th of this year.  There are many regulatory actions that will be quite significant to the manufactured housing industry this year.  Below explains some of these actions and when they are to be discussed throughout the year.

Department of Housing and Urban Development (HUD)

  • May 2013 – Final rule to revise the notification, correction and procedural regulations of Subpart I of the Manufactured Home Procedural and Enforcement Regulations (24 CFR Part 3282).
  • June 2013 – A final rule for on-site completion of construction of manufactured homes.
  • June 2013 – A final rule to revise and update the Manufactured Home Construction and Safety Standards.

Department of Energy (DOE)

There is nothing in the SAR regarding proposed rule making for energy efficiency standards for manufactured housing because the draft rule which has been completed by DOE is pending for publication at the Office of Management and Budget (OMB).

Environmental Protection Agency (EPA)

  • January 2013 – A proposed rule to establish specific national formaldehyde emission limits for hardwood plywood, particleboard, and medium-density fiberboard that are identical to the California emission limits for the same products is pending for publication at the OMB.

Consumer Financial Protection Bureau (CFPB)

Various rules either issued or planned to be issued by the CFPB are detailed in the above Dodd-Frank/CFPB update written by Jason Boehlert.

Occupational Standards Health and Safety Administration (OSHA)

  • October 2013 – OSHA plans to hold panel discussions with small businesses to obtain input on its efforts to establish standards for combustible dust hazards.

(*This information is coming from Manufactured Housing Week in Review)

January 31, 2013 Posted by | Legislation | Leave a comment

Congress Passed Extension Package to Avoid the “Fiscal Cliff” – Including…

 …Extension of Tax Credit for Energy Star Manufactured and Modular Homes

Congress approved legislation or the H.R. 8, the “American Taxpayer Relief Act of 2012” on January 1st, 2013.  The legislation averted the “fiscal cliff” which extended a number of expiring tax provisions.

“Highlights of the “American Taxpayer Relief Act” include a permanent extension of the 2001 and 2003 (“Bush”) tax cuts, at least for taxpayers with incomes below certain thresholds, changes in basic tax rate structure, and extension of the capital gains tax rate structure. The estate and gift tax rules applicable in 2012 were also made permanent, and estates worth up to $5 million ($10 million for married couples) will go untaxed. In addition, a provision tying the exemption to inflation increases the estate tax exemption to estates worth $15 million for married couples by 2020.”

The “ATM patch” or the alternative minimum tax exemption amount was extended by H.R. 8 which expired at the end of 2011.  It also temporarily extended numerous American Recovery and Reinvestment Act provisions. Other provisions that will now expire at the end of 2013:

• Research and experimentation tax credit (extension and modification)

• Provisions directed at individuals

• Deduction for certain expenses of elementary and secondary school teachers

• Parity for exclusion for employer-provided mass transit and parking benefits

• Deduction for mortgage insurance

“Included in these extended tax provisions, in a significant victory for the factory-built housing industry, was the New Energy Efficient Home Credit (I.R.C. 45L) through December 31, 2013. This credit, which had expired at the end of 2011, provides builders of Energy Star-qualified manufactured homes with a tax credit of $1,000 (per home) and builders of modular homes with a credit of $2,000 (per home).” (MHI, 2013)

January 10, 2013 Posted by | Legislation | , , , , , , , , , , , , , | Leave a comment