COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.:2200S.01I Bill No.:SB 555 Subject:Appropriations; Tourism Type:Original Date:March 2, 2025Bill Summary:This proposal modifies the tourism supplemental revenue fund.
FISCAL SUMMARY
ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDFUND AFFECTEDFY 2026FY 2027FY 2028General Revenue* $0 to (Unknown)$0 to (Unknown)$0 to (Unknown)Total Estimated Net
Effect on General
Revenue$0 to (Unknown)$0 to (Unknown)$0 to (Unknown)
*Oversight reflects a range of funds that may be appropriated to the "Division of Tourism
Supplemental Revenue Fund" (the General Assembly may appropriate). Oversight notes section
620.467 expired June 30, 2020 and this proposal appears to be a continuation of an existing,
annual transfer. Oversight will assume, for the purpose of the fiscal note, the continued
appropriation would be greater than $250,000 (3-year average has been $22.5 million per year).
ESTIMATED NET EFFECT ON OTHER STATE FUNDSFUND AFFECTEDFY 2026FY 2027FY 2028Division of Tourism
Supplemental
Revenue Fund
(0274)* $0$0$0
Total Estimated Net
Effect on Other State
Funds $0$0$0
*Oversight assumes the Division of Tourism Supplemental Revenue Fund nets to zero.
Numbers within parentheses: () indicate costs or losses. L.R. No. 2200S.01I
Bill No. SB 555
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ESTIMATED NET EFFECT ON FEDERAL FUNDSFUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net
Effect on All Federal
Funds $0$0$0
ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE)FUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net
Effect on FTE 000
☒ Estimated Net Effect (expenditures or reduced revenues) expected to exceed $250,000 in any
of the three fiscal years after implementation of the act or at full implementation of the act.
☐ Estimated Net Effect (savings or increased revenues) expected to exceed $250,000 in any of
the three fiscal years after implementation of the act or at full implementation of the act.
ESTIMATED NET EFFECT ON LOCAL FUNDSFUND AFFECTEDFY 2026FY 2027FY 2028Local Government$0$0$0 L.R. No. 2200S.01I
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FISCAL ANALYSIS
ASSUMPTION
Officials from the Office of Administration – Budget & Planning (B&P) assume the proposed
legislation reenacts and modifies provisions of Section 620.467, RSMo which sunset on June 30,
2020. The proposal allows the General Assembly to appropriate funds into the Tourism
Supplemental Revenue Fund, and also allows gifts, contributions, grants, or bequests received
from federal, private, or other sources to be deposited into the fund. This bill also repeals
obsolete language and amounts, repeals provisions in subsections 620.467.2, 620.467.3 and
620.467.4 which govern how funds are deposited into the TSRF and how those funds were to be
expended.
Officials from the Department of Revenue (DOR) assume from 1994 to 2020 the state had a
Supplemental Revenue Fund that received appropriations to be used to fund the Division of
Tourism. The appropriation amount was based on a formula having to do with the sales tax
amount collected from tourist-oriented goods and services. The language creating the Fund
expired on June 30, 2020.
This proposal would restart the Fund by removing the expiration date in the statute.
Additionally, it removes the formula for calculating the appropriation transfer and allows any
amount of appropriation as well as gifts, contributions, grants, or bequests from federal or private
sources to be deposited into the Fund.
DOR was previously responsible for the calculation of the formula to determine the
appropriation level. That will no longer need to be done. This proposal is not expected to have
any fiscal impact on DOR in the future.
Oversight notes that the officials from the DOR assume the proposal will have no fiscal impact
on their organization. Oversight does not have any information to the contrary. Therefore,
Oversight will reflect a zero impact in the fiscal note for DOR.
Oversight notes §§620.467 was effective from July 1, 1994 and expired June 30, 2020 and
created the Division of Tourism Supplemental Revenue Fund.
Oversight assumes that the proposal re-establishes the "Division of Tourism Supplemental
Revenue Fund" and denotes how it receives money.
Oversight notes, upon further inquiry with the DED, the Fund is the main source of money for
the Division of Tourism.
Oversight notes the following disbursements, transfers in, and ending balances in the last three
years for the Division of Tourism Supplemental Revenue Fund (0274): L.R. No. 2200S.01I
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Disbursements Transfers - InEnding Balance FY 202423,244,675,.6122,732,150.003,584,416,67FY 202322,980,446.5325,090,183.005,317,513.19FY 202220,822,160.4019,676,852.004,333,755.20
Source: https://treasurer.mo.gov/content/about-the-office/1fiscalyearfunds
Oversight notes that the three-year average total to $22.5 million (rounding to nearest dollar)
Oversight notes that, under the proposal, the General Assembly may appropriate money into the
Fund to support the Division of Tourism duties and its functions. Therefore, Oversight will
reflect $0 (general assembly will not appropriate money) to an unknown cost (general assembly
elects to appropriate money) to general revenue in the fiscal note beginning FY 2026.
Conversely, Oversight will show a transfer –in from the general revenue into the Fund.
Oversight notes that the Fund is allowed to receive gifts, contributions, grants, or bequests
received from federal, private, or other sources. Therefore, Oversight will reflect money transfer
in from above mention various sources into the Fund.
For simplicity, Oversight assumes all the funds will be used in the year in which they are
appropriated due to various costs that the Division of Tourism will potentially incur while
performing various functions and duties.
Oversight assumes based on the transfers-in according to the Fiscal Year End fund activity
report for the Fund in FY 2024, transfers-in totaled $22,732,150. Therefore, Oversight will
assume the potential appropriation could reach, or surpass, the $250,000 annually. (source:
https://treasurer.mo.gov/content/about-the-office/1fiscalyearfunds)
Officials from the Department of Economic DevelopmentJoint Committee on
Administrative Rules, the Office of the Secretary of StateOffice of the State
Treasurer each assume the proposal will have no fiscal impact on their organization.
FISCAL IMPACT – State GovernmentFY 2026
(10 Mo.)
FY 2027FY 2028GENERAL REVENUE Transfer-Out - §620.467 into "Division
of Tourism Supplemental Revenue
Fund" by appropriation
$0 to
(Unknown)
$0 to
(Unknown)
$0 to
(Unknown)
ESTIMATED NET EFFECT ON
GENERAL REVENUE
$0 to
(Unknown)
$0 to
(Unknown)
$0 to
(Unknown) L.R. No. 2200S.01I
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FISCAL IMPACT – State GovernmentFY 2026
(10 Mo.)
FY 2027FY 2028DIVISION OF TOURISM
SUPPLEMENTAL REVENUE
FUND (0274)
Transfer-In - §620.467 - appropriation
from general assembly$0 to Unknown $0 to Unknown$0 to Unknown
Revenue Gain – §620.467 - gifts,
grants, contributions and other moneys $0 to Unknown $0 to Unknown$0 to Unknown
Costs - §620.467 - the duties and
administrative functions of Division of
Tourism
$0 to
(Unknown)
$0 to
(Unknown)
$0 to
(Unknown)
ESTIMATED NEF EFFECT ON
DIVISION OF TOURISM
SUPPLEMENTAL REVENUE
FUND $0$0$0
FISCAL IMPACT – Local GovernmentFY 2026
(10 Mo.)
FY 2027FY 2028$0$0$0
FISCAL IMPACT – Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
FISCAL DESCRIPTION
Current law establishes the Division of Tourism Supplemental Revenue Fund, and provides for
appropriations to the fund from certain tourism-related taxes. This act repeals such language and
provides that the fund shall consist of any moneys appropriated by the General Assembly and
any gifts, contributions, grants, or bequests from federal, private, or other sources.
This legislation is not federally mandated, would not duplicate any other program and would not
require additional capital improvements or rental space. L.R. No. 2200S.01I
Bill No. SB 555
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SOURCES OF INFORMATION
Department of Economic Development
Office of the State Treasurer
Department of Revenue
Office of Administration – Budget & Planning
Julie MorffJessica HarrisDirectorAssistant DirectorMarch 2, 2025March 2, 2025