AN ACT relating to property.

Changed the bill title and primary focus from 'planning and zoning' to 'property' with new content about leasing restrictions and economic development funding.

Added new definitions for 'Accessory dwelling unit' and 'Multifamily housing' to clarify what types of housing are restricted under the leasing rules.

Updated the definition of 'Traditional single-family home zone' to exclude multifamily homes as a permitted use as of January 1, 2025.

Modified leasing restrictions to prohibit property owners from leasing multi-family housing or accessory dwelling units in traditional single-family zones unless the owner primarily resides in the property.

Added a new Signature Project Program to encourage private investment in major economic development projects with a minimum capital investment of $200 million.

Changed the applicability of zoning amendment procedures from county-wide to specifically counties containing consolidated local governments.