Bill > H0607

This bill, aimed at regulating institutional real estate investors' purchases of single- and two-family residences, proposes two main changes: first, it mandates a 90-day waiting period before a "covered entity" (defined as an institutional real estate investor or an entity funded by one, with specific exclusions for non-profits and others) can purchase or acquire such properties, requiring them to be listed for sale to the general public for that duration, with the period restarting if the price changes; and second, it eliminates tax deductions for depreciation and interest expenses related to these properties for these institutional investors, meaning they will have to add these amounts back when calculating their Vermont net income and taxable income, with exceptions for sales to individuals for principal residences or to affordable housing non-profits.

Housing and Urban Affairs

https://legislature.vermont.gov/bill/status/2026/H.607