Senate Bill 269 was passed during the 67th Montana Legislative Session. The bill increased the amount of the exclusion (from adjusted gross income) for the eligible sale of a mobile home park. Beginning with the 2021 tax year, the exclusion is now 100% of the capital gain from a qualifying sale. 

Qualifying sales must be made to one of the following: 

• A tenants’ association or a mobile home park residents’ association 
• A nonprofit organization purchasing on behalf of a tenants’ or mobile home park residents’ association 
• A county housing authority 
• A municipal housing authority 

Qualifying sellers include individuals, corporations, partnerships, S corporations, and disregarded entities. If the exclusion is taken by a partnership, S corporation, or disregarded entity, it must be attributed to the respective partners, shareholders, or other owners in the same proportion as reported on the corresponding Montana income tax return.