Bill H.486, introduced by Representative Durfee, aims to amend current laws regarding homestead declarations and property tax credits. The proposed legislation seeks to extend the due date for late-filed homestead declarations, providing relief for taxpayers who miss the original deadline. Additionally, the bill increases the household income threshold that determines eligibility for property tax credits, allowing more residents to qualify for financial assistance.

Furthermore, the bill proposes to raise the amount of housesite value considered in calculating the property tax credit, which could result in higher credit amounts for qualifying homeowners. These changes are intended to enhance support for taxpayers and improve access to property tax relief in Vermont.