Authorizing funding tools to mitigate the impact of sales tax sourcing in certain cities that host industrial and warehousing industries.

HB 1532 allows specific cities (with populations over 120,000, located in high-population counties, and where industrial/warehousing makes up over 25% of property valuation) to add a 0.3% sales tax to offset fiscal challenges caused by current sales tax laws. This supplemental tax, collected on taxable transactions within the city, must fund community improvements like infrastructure or services to boost local vitality. Cities using this authority must hold public meetings, maintain a budget transparency webpage, and survey residents before each biennial budget. The bill replaces an expiring state funding program set to end in July 2026.