Prohibits exemptions for owners of vacant or unoccupied storefront properties

This bill prohibits property tax exemptions for owners of commercial storefronts that have been vacant or unoccupied for two years or longer. It directly affects commercial property owners who own ground-floor retail spaces used for selling goods or services but have not maintained regular business activity. The law defines "vacant" as having minimal objects present and "unoccupied" as lacking people regularly conducting business on the premises. The rule applies immediately to all tax assessments based on property status after the effective date.