Bill H.443 proposes the introduction of a new tax specifically targeting residential and commercial properties that are left vacant. The intent of this legislation is to address the issue of vacant properties, which can contribute to urban blight and reduce the overall quality of life in communities.

The bill does not specify any insertions or deletions in the current law, indicating that it may be establishing a new framework for taxation on vacant properties rather than modifying existing tax laws. The introduction of this tax aims to encourage property owners to either occupy their properties or make them available for use, thereby enhancing community engagement and economic activity.