Authorizes certain city legislative authorities to impose a sales and use tax on the sale of or charge made for tangible personal property consumed, or labor and services rendered in respect to the constructing, repairing, decorating, or improving of new or existing buildings or other structures, including the sale of services or charges made for the clearing of land and the moving of earth excepting the mere leveling of land used in commercial farming or agriculture.

Requires money collected from the taxes to be deposited in the city's local housing trust fund.