An act relating to establishing a property tax surcharge and allocation of property transfer tax revenue

This bill proposes adding a 2% surcharge to property transfer taxes on transactions exceeding $600,000 in Vermont. The additional revenue would be distributed across multiple state funds, with 75% going to the Vermont Housing and Conservation Trust Fund, 20% split between the Municipal Technical Assistance Program and Department of Taxes, and smaller portions allocated to the Clean Water Fund, tax administration, and the General Fund. The legislation directly affects real estate transactions and state budget allocations by modifying how property transfer tax revenue is collected and distributed.