Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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Annotation 585.0020

585.0020 Business Inventory Exemption. Pursuant to Revenue and Taxation Code section 5801(b)(2), a manufactured home is classified as personal property unless it has been affixed to land on a permanent foundation pursuant to Health and Safety Code section 18551(a), which requires the recordation of appropriate documents. Thus, a manufactured home owned by a licensed manufactured home dealer in a dealer-owned park and held for sale or lease, even though it is placed on an engineered foundation, would be eligible for the business inventory exemption if all the requirements of Health and Safety Code section 18551(a), including the recordation requirement, have not been met. C 7/19/2000.