Authorizes funding tools to mitigate sales tax sourcing impacts in certain industrial and warehousing cities.

The bill allows certain cities with significant industrial and warehousing industries to impose a sales and use tax to improve community vitality. An "authorized city" is defined as a city with a population over 120,000, located in a county with a population of 1.5 million or more, and having over 25% of its assessed valuation from industrial and warehousing industries. The tax rate is up to 0.3% of the selling price for sales tax or the value of the article used for use tax. The revenue can be used for any purpose that improves community vitality.

Authorizes funding tools to mitigate sales tax sourcing impacts in certain industrial and warehousing cities.

The bill allows certain cities with significant industrial and warehousing industries to impose a sales and use tax to improve community vitality. An "authorized city" is defined as a city with a population over 120,000, located in a county with a population of 1.5 million or more, and having over 25% of its assessed valuation from industrial and warehousing industries. The tax rate is up to 0.3% of the selling price for sales tax or the value of the article used for use tax. The revenue can be used for any purpose that improves community vitality.