The bill H.730 proposes amendments to the Act 250 Tier 3 rules, focusing on the identification and protection of critical natural resources. It mandates the Land Use Review Board, in consultation with the Secretary of Natural Resources, to adopt rules that clarify the definition of Tier 3 areas and the criteria for their designation. Notably, the bill introduces a definition for "de minimis residential construction" that will not trigger jurisdiction, which may include minor improvements like the installation of a shed under 200 square feet. Additionally, it requires the Board to notify property owners in Tier 2 and 3 areas about potential impacts from updated Act 250 requirements at least 30 days before public meetings.

Furthermore, the bill includes provisions for the Department of Taxes to consider the impact of Act 250 requirements on the fair market value of properties when determining appraisal values. It establishes a new section in the Vermont Statutes that mandates assessing officials to account for these impacts. The bill also sets a timeline for the Department of Taxes to publish guidance on implementing these requirements by October 1, 2027. Other amendments include changes to the effective dates of certain provisions, extending deadlines to July 1, 2027, and appropriating $20,000 from the General Fund for the Land Use Review Board to fulfill the notice requirements.

Statutes affected:
As Introduced: 10-6001(3)(D)(viii)(III), 10-6001, 10-6001(3), 10-6081, 24-4460