Establishes funding for community preservation and development authorities through a tax on retail sales at qualified facilities.

This bill establishes funding for community preservation and development authorities by allocating 30% of the state tax on retail sales at qualified facilities to these authorities. Qualified facilities include open-air stadiums with at least 68,000 fixed seats and 300,000 square feet of related event space, or facilities with at least 47,000 seats and a retractable roof. The revenue is intended to enhance economic vitality, safety, and livability of communities, and to address housing needs.

Establishes funding for community preservation and development authorities through a tax on retail sales at qualified facilities.

This bill establishes funding for community preservation and development authorities by allocating 30% of the state tax on retail sales at qualified facilities to these authorities. Qualified facilities include open-air stadiums with at least 68,000 fixed seats and 300,000 square feet of related event space, or facilities with at least 47,000 seats and a retractable roof. The revenue is intended to enhance economic vitality, safety, and livability of communities, and to address housing needs.