Establishes the Downtown Vitality Fund to support commercial areas and district management entities.

The bill creates the Downtown Vitality Fund, financed by 5% of sales tax revenue from remote retailers. The fund will support commercial areas and district management entities, including business improvement districts and cultural districts. The Executive Office of Housing and Economic Development will manage the fund, awarding grants and operating funds. The Secretary of Housing and Economic Development will report annually on fund activities and may contract with private organizations to manage certain duties.

Establishes the Downtown Vitality Fund to support commercial areas and district management entities.

The bill creates the Downtown Vitality Fund, financed by 5% of sales tax revenue from remote retailers. The fund will support commercial areas and district management entities, including business improvement districts and cultural districts. The Executive Office of Housing and Economic Development will manage the fund, awarding grants and operating funds. The Secretary of Housing and Economic Development will report annually on fund activities and may contract with private organizations to manage certain duties.