An act relating to an income tax surcharge and tax policies relating to housing

This bill proposes creating a temporary 10-year income tax surcharge on earnings above $500,000, with the revenue directed to a state reserve fund. It would increase taxes on secondary home ownership, short-term property sales with significant profits, and rentals at above-market rates. The legislation also introduces tax incentives for landlords who allow tenants to purchase their rental units or rent at below-market rates. Additionally, the bill establishes a task force to develop further tax incentives and penalties aimed at promoting affordable housing.