An act relating to encouraging the sale of homes to buyers who are financing

This bill proposes a tax incentive for homeowners selling their primary residence to buyers who use financing from a financial institution. It would impose a surcharge on sellers transferring their home by deed, but exempt those transactions where the buyer is purchasing with financing. The measure aims to help buyers using loans compete more effectively with cash buyers in the real estate market. The legislation would directly affect sellers of primary residences and buyers in Vermont real estate transactions.