An act relating to a surcharge on nonprimary dwellings

This bill creates a new property tax surcharge on nonprimary dwellings in Vermont, which are defined as weatherized homes suitable for year-round living that are neither long-term rentals nor occupied by their owners as primary residences. The surcharge amounts to $0.25 for every $100 of property value and applies to properties that meet specific criteria, such as having permanent heating, insulation, and year-round plumbing, while excluding standard rental units and owner-occupied homes. All revenue collected from this surcharge will be directed to the Vermont Housing and Conservation Board to fund the construction of affordable housing throughout the state. The legislation also establishes a new Vermont Housing and Conservation Trust Fund to manage these funds and clarifies that the surcharge revenue will not be included in the state's Education Fund.