Monday, October 09, 2006

Gov. approves modular home tax cut

Mississippians can begin saving on modular house purchases today after Gov. Haley Barbour signed a 4 percent sales tax cut into law.

The tax break is perhaps the quickest legislation to be enacted in the state's history.

In less than two hours, both the House and Senate agreed on Senate Bill 2001 that trims sales tax on modular houses from 7 percent to 3 percent, hoping to boost reconstruction in south Mississippi.

Legislative staff sent the paperwork to the governor's office today, and Barbour signed the bill shortly after 4 p.m.

Modular houses are built in a factory and assembled on the buyer's lot. The homes are viewed as a fast way to rebuild the hurricane-ravaged Mississippi Gulf Coast.

Modular house can be built in a month, compared to the year-long wait for site-built houses on the coast.

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