Enables any city having a population of one million or more to impose and collect taxes on vacant ground floor commercial premises.

This bill allows cities with a population of one million or more to create and enforce taxes on empty commercial spaces located on the ground floor. The goal is to encourage property owners to either fill these spaces or maintain them better, potentially boosting local economies. By taxing vacant properties, cities hope to reduce blight and improve urban areas.

Supporters of the bill argue that taxing vacant commercial spaces will incentivize property owners to lease or sell their properties, thereby revitalizing neighborhoods and increasing local business activity. They believe this measure will help reduce urban decay and generate additional revenue for city services. Advocates see it as a proactive step to enhance community vitality and economic growth.

Critics contend that this bill could burden property owners, particularly during economic downturns when finding tenants is already challenging. They argue that imposing taxes on vacant properties may lead to unintended consequences, such as owners opting to leave spaces empty rather than face financial penalties. Opponents also worry that this could deter investment in commercial real estate, ultimately harming the city's economy.