AN ACT ALLOWING MUNICIPALITIES TO IMPOSE COMMERCIAL VACANCY ASSESSMENTS IN CERTAIN DISTRICTS.

Summary

The bill lets any municipality that votes to do so charge an assessment of five dollars per square foot on commercial land that has been vacant for more than 180 days and is located in a district the town defines. Owners can be exempted if they are actively renovating, have pending permits, face legal or regulatory barriers, or the property was damaged by a natural disaster. The charge is due with regular property taxes and may be appealed under existing statutes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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