relative to creating a state assessment on non-homestead luxury second homes to fund statewide housing development programs and address housing shortages and making appropriations therefor.

Summary

The bill would levy a semi‑annual assessment on residential properties valued over $1 million that are not used as a primary residence for at least 183 days a year. Revenue from the tax would be directed to a suite of housing‑related programs, including affordable‑housing grants, infrastructure funding, demolition assistance, and a $15 million workforce‑training fund. The measure also creates a commission to study low‑cost state financing for housing and expands tax‑credit incentives for developers.

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