Missouri Senate Bill SB828

Missouri 2022 Regular Session

• Introduced: 1/5/22
• Refer: 1/20/22

Caption

Repeals wharfage taxes on landings made at certain wharfs

Impact

By abolishing the wharfage tax, SB828 will likely reduce local revenue streams that were previously allocated for the upkeep and extension of wharf facilities. Proponents argue that this move can enhance the attractiveness of local ports to shipping companies and may lead to increased economic development in the region by facilitating trade and reducing operational costs. Critics, however, may voice concerns regarding the potential loss of funding for critical infrastructure and services that rely on these tax revenues.

Summary

Senate Bill 828 aims to repeal the existing wharfage taxes as detailed in sections 154.030 and 154.040 of the Revised Statutes of Missouri. The bill specifically targets local governments, allowing them to potentially remove the financial burdens associated with these taxes on landings made at certain wharfs. The operational implications of this legislative change are poised to affect ports and municipalities that currently assess these taxes for maintaining and extending wharfs. With the repeal, local authorities will no longer be able to impose these charges for each landing at wharfs, simplifying the regulatory landscape for maritime activities.

Contention

Debate surrounding SB828 may center on the balance between promoting economic growth and ensuring adequate funding for local infrastructure. Some lawmakers might contend that while the repeal of wharfage taxes could stimulate shipping activities and local economies, it may also strip municipalities of necessary funds for maintaining wharf facilities, creating challenges for local governance. This issue may lead to discussions on how to support local authorities in managing their financial health in the wake of reduced tax revenues.