H.443 proposes the introduction of a new tax specifically targeting residential and commercial properties that are left vacant. The bill aims to address the issue of vacant properties by imposing a tax, thereby encouraging property owners to either occupy or rent out their properties, which could help alleviate housing shortages and promote community development.

The bill does not specify any changes to existing legal language, focusing instead on the establishment of this new tax framework. By implementing this tax, the General Assembly of the State of Vermont seeks to incentivize the utilization of vacant properties and enhance the overall housing market in the state.