AN ACT ESTABLISHING A TAX ON CERTAIN UNOCCUPIED RESIDENTIAL PROPERTY.

SB 987 would impose a tax on residential properties left unoccupied for six consecutive months or longer. The tax applies to most residential properties, but excludes single-family detached homes and duplexes. Property owners of qualifying unoccupied residential units (like apartments or multi-unit buildings) would be directly affected. The bill establishes this tax as a new provision under housing-related statutes. It does not change existing tax rules for occupied homes or the excluded property types.