The bill requires that, on or after October 1, 2031, a subject jurisdiction shall not require:
That a
parcel

lot
have an area larger than 2,000 square feet if the
parcel's

lot's
residential use is limited to a single family home;
or

Minimum lot frontage, setbacks, open space, or maximum lot coverage dimensions that have the practical effect of preventing the construction of a single family home on a lot that has an area of 2,000 square feet and that has a residential use limited to a single family home.
The bill exempts certain types of
parcels

lots
from this requirement.
(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)