An Act enabling a local option empty homes tax on vacant units in residential buildings

This bill allows cities and towns to impose a local tax on vacant residential units in buildings with six or more units that have been unoccupied for 90 consecutive days or newly constructed units not rented within 90 days of occupancy. The tax rate would be 12.5% of the last agreed rental rate or set by the municipality, requiring owners to register vacant units with the local tax office within 30 days. Exemptions apply for units undergoing active redevelopment, during military deployment, after significant medical events, inheritance, or title disputes. It directly affects property owners in qualifying multi-unit buildings, with the tax applying only if a municipality chooses to adopt the program.