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 populations of one million or more to levy taxes on ground-floor commercial spaces that have been empty for at least six months. The tax rate is capped at $2,000 per square foot annually and can vary by neighborhood, with revenues going directly to the city's general fund. To prevent punishing businesses undergoing renovations, the law excludes properties where construction documents for alterations have been filed from being considered vacant until the work is complete or a year has passed. Local governments will determine specific definitions, filing requirements, and payment schedules, while owners can appeal tax assessments through the state's Article 78 process.