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. The funding aims to benefit communities adversely impacted by major public facilities, public works, and capital projects. It seeks to enhance community livability, address homelessness, and support housing needs. The bill mandates the Department of Revenue to calculate and deposit the tax revenue into the community preservation and development authority accounts twice yearly.

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. The funding aims to benefit communities adversely impacted by major public facilities, public works, and capital projects. It seeks to enhance community livability, address homelessness, and support housing needs. The bill mandates the Department of Revenue to calculate and deposit the tax revenue into the community preservation and development authority accounts twice yearly.