17 | | - | Section A. Sections 67.3000, 67.3005, and 173.280, RSMo, 1 |
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18 | | - | are repealed and six new sect ions enacted in lieu thereof, to 2 |
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19 | | - | be known as sections 67.646, 67.1157, 67.3000, 67.3005, 3 |
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20 | | - | 167.750, and 173.280, to read as follows:4 |
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21 | | - | 67.646. 1. For the purposes of this section, the 1 |
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22 | | - | following terms shall mean: 2 |
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23 | | - | (1) "Authority", a county sports complex authority 3 |
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24 | | - | created pursuant to this section; 4 |
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25 | | - | (2) "Convention and sports complex fund", the fund 5 |
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26 | | - | established by a county pursuant to the provisions of this 6 |
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27 | | - | section for the purposes of developing, maintaining, or 7 |
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28 | | - | operating within its jurisdi ction, sports, convention, 8 |
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29 | | - | exhibition, or trade facilities; 9 |
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30 | | - | (3) "County", any county with more than two hundred 10 |
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31 | | - | thirty thousand but fewer than two hundred sixty thousand 11 |
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32 | | - | inhabitants; 12 SS SCS SB 80 2 |
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33 | | - | (4) "Governing body", the county commission or other 13 |
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34 | | - | governing body charged with governing the county. 14 |
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35 | | - | 2. (1) There is hereby authorized to be created in 15 |
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36 | | - | any county a special authority to be known as the "______ 16 |
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37 | | - | County Sports Complex Authority". Such authority shall be 17 |
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38 | | - | created by order of the governin g body and certified copies 18 |
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39 | | - | of said order shall be filed in the offices of the governor 19 |
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40 | | - | and secretary of state. The authority shall be a body 20 |
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41 | | - | corporate and politic and a political subdivision of the 21 |
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42 | | - | state of Missouri. 22 |
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43 | | - | (2) (a) The authority shall consist of five 23 |
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44 | | - | commissioners who shall be qualified voters of the state of 24 |
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45 | | - | Missouri and residents of the county. The governing body 25 |
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46 | | - | shall by a majority vote submit a panel of nine names to the 26 |
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47 | | - | governor who shall select with the advice and consent o f the 27 |
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48 | | - | senate five commissioners from such panel, no more than 28 |
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49 | | - | three of which shall be of any one political party, who 29 |
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50 | | - | shall constitute the members of such authority; provided, 30 |
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51 | | - | however, that no elective or appointed official of any 31 |
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52 | | - | political subdivisio n of the state of Missouri shall be a 32 |
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53 | | - | member of the authority. 33 |
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54 | | - | (b) The authority shall elect from its number a 34 |
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55 | | - | chairman and may appoint such officers and employees as it 35 |
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56 | | - | may require for the performance of its duties and fix and 36 |
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57 | | - | determine their qualifications, duties, and compensation. 37 |
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58 | | - | No action of the authority shall be binding unless taken at 38 |
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59 | | - | a meeting at which at least three members are present and 39 |
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60 | | - | unless a majority of the members present at such meeting 40 |
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61 | | - | shall vote in favor thereof. 41 |
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62 | | - | (c) Commissioners shall serve in the following 42 |
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63 | | - | manner: one for two years, one for three years, one for 43 |
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64 | | - | four years, one for five years, and one for six years. 44 SS SCS SB 80 3 |
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65 | | - | Successors shall hold office for terms of five years, or for 45 |
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66 | | - | the unexpired terms of their pre decessors. 46 |
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67 | | - | (d) In the event a vacancy exists, a new panel of 47 |
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68 | | - | three names shall be submitted by majority vote of the 48 |
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69 | | - | governing body to the governor for appointment. All such 49 |
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70 | | - | vacancies shall be filled within thirty days from the date 50 |
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71 | | - | thereof. If the governing body has not submitted a panel of 51 |
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72 | | - | three names to the governor within thirty days of the 52 |
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73 | | - | expiration of a commissioner's term, the governor shall 53 |
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74 | | - | immediately make an appointment to the authority with the 54 |
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75 | | - | advice and consent of the senate. In the event the governor 55 |
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76 | | - | does not appoint a replacement, no commissioner shall 56 |
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77 | | - | continue to serve beyond the expiration of that 57 |
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78 | | - | commissioner's term. 58 |
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79 | | - | (3) The authority shall have the same powers as a 59 |
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80 | | - | sports complex authority created pursuant to sec tions 64.920 60 |
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81 | | - | to 64.950. 61 |
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82 | | - | (4) Nothing in this section shall be construed to 62 |
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83 | | - | impair the powers of any county, municipality, or other 63 |
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84 | | - | political subdivision to acquire, own, operate, develop, or 64 |
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85 | | - | improve any facility which an authority is given the rig ht 65 |
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86 | | - | and power to own, operate, develop, or improve. 66 |
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87 | | - | 3. (1) A county establishing an authority pursuant to 67 |
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88 | | - | this section shall be authorized to establish, by ordinance 68 |
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89 | | - | or order of the county, a "Convention and Sports Complex 69 |
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90 | | - | Fund", for the purposes of developing, maintaining, or 70 |
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91 | | - | operating within its jurisdiction, sports, convention, 71 |
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92 | | - | exhibition, or trade facilities. Such fund shall be 72 |
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93 | | - | separate from the general funds of the county. 73 |
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94 | | - | (2) The general assembly may annually appropriate up 74 |
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95 | | - | to three million dollars from the state general revenue fund 75 |
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96 | | - | to the convention and sports complex fund created pursuant 76 SS SCS SB 80 4 |
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97 | | - | to this subsection, provided that the county or authority 77 |
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98 | | - | has entered into a contract or lease with a professional 78 |
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99 | | - | sports team affiliated with or franchised by the National 79 |
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100 | | - | Football League, the National Basketball Association, the 80 |
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101 | | - | National Hockey League, or the American League or the 81 |
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102 | | - | National League of Major League Baseball on or after January 82 |
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103 | | - | 1, 2026. The convention and sports complex fund shall be 83 |
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104 | | - | administered by the county and shall be used to carry out 84 |
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105 | | - | the provisions of this section. 85 |
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106 | | - | (3) Any county which has a convention and sports 86 |
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107 | | - | complex fund established pursuant to this section shall, 87 |
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108 | | - | prior to receipt of any appropriatio ns pursuant to this 88 |
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109 | | - | subsection, enact or promulgate ordinances, rules, or 89 |
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110 | | - | regulations which provide, pursuant to the terms and 90 |
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111 | | - | provisions of section 70.859, for the purchase of goods and 91 |
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112 | | - | services and for construction of capital improvements for 92 |
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113 | | - | facilities administered by the authority. In no event shall 93 |
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114 | | - | more than three million dollars be transferred from the 94 |
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115 | | - | state to any one such convention and sports complex fund in 95 |
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116 | | - | any fiscal year pursuant to this subsection. 96 |
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117 | | - | (4) No appropriation of state m oneys shall be made 97 |
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118 | | - | pursuant to this subsection until the county which has 98 |
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119 | | - | created a convention and sports complex fund has commenced 99 |
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120 | | - | paying into the convention and sports complex fund amounts 100 |
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121 | | - | at a rate sufficient for the county to contribute the sum o f 101 |
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122 | | - | three million dollars per calendar year. Appropriations 102 |
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123 | | - | made pursuant to this subsection to any convention and 103 |
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124 | | - | sports complex fund shall not exceed the amounts contributed 104 |
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125 | | - | by the county to the fund. The county's proportional amount 105 |
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126 | | - | specified in this subdivision may come from any source. 106 |
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127 | | - | Once the county has commenced paying such appropriate 107 |
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128 | | - | proportional amounts into its convention and sports complex 108 SS SCS SB 80 5 |
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129 | | - | fund, the county shall so notify the state treasurer and the 109 |
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130 | | - | director of revenue and, thereafter , subject to annual 110 |
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131 | | - | appropriation, transfers shall commence and continue each 111 |
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132 | | - | month pursuant to this subsection until such monthly 112 |
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133 | | - | transfers are made for forty years. Moneys appropriated 113 |
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134 | | - | from general revenue shall not be expended until the county 114 |
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135 | | - | has paid three million dollars into its fund. 115 |
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136 | | - | 4. The county shall make an annual report to the 116 |
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137 | | - | general assembly stating the condition of its convention and 117 |
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138 | | - | sports complex fund and the various sums of money received 118 |
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139 | | - | by the county into that fund and di stributed by the county 119 |
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140 | | - | from that fund during the preceding calendar year. The 120 |
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141 | | - | county shall employ a certified public accountant to conduct 121 |
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142 | | - | a biennial audit of all accounts and transactions of the 122 |
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143 | | - | convention and sports complex fund and may compensate such 123 |
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144 | | - | accountants out of the funds. 124 |
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145 | | - | 67.1157. 1. For the purposes of this section, the 1 |
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146 | | - | following terms shall mean: 2 |
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147 | | - | (1) "New state revenues", the incremental increase in 3 |
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148 | | - | the general revenue portion of the state sales tax revenues 4 |
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149 | | - | generated within a project area from the operation of a 5 |
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150 | | - | regional sports facility and received pursuant to section 6 |
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151 | | - | 144.020, excluding sales taxes that are constitutionally 7 |
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152 | | - | dedicated, taxes deposited to the school district trust fund 8 |
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153 | | - | in accordance with section 144.701, sales and use taxes on 9 |
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154 | | - | motor vehicles, trailers, boats, and outboard motors, and 10 |
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155 | | - | future sales taxes otherwise designated by law; 11 |
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156 | | - | (2) "Project", the acquisition, planning, 12 |
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157 | | - | construction, equipping, operation, maintenance, repair, 13 |
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158 | | - | extension, and improvement of a regional sports facility, 14 |
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159 | | - | and any new or existing improvements which the authority 15 |
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160 | | - | determines are necessary or convenient to the acquisition, 16 SS SCS SB 80 6 |
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161 | | - | planning, construction, equipping, operation, maintenance, 17 |
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162 | | - | repair, extension, and improvement of a regional sports 18 |
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163 | | - | facility; 19 |
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164 | | - | (3) "Project area", the geographic area where a 20 |
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165 | | - | project is to be located, as designated by the authority and 21 |
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166 | | - | identified in its application to the department of economic 22 |
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167 | | - | development; 23 |
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168 | | - | (4) "Regional sports facility", a regional sports 24 |
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169 | | - | facility owned or operated by an authority that is intended 25 |
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170 | | - | to provide year-round sports opportunities and draw 26 |
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171 | | - | participants from outside the state. 27 |
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172 | | - | 2. An authority may by resolution designate a project 28 |
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173 | | - | area for a project. Upon such designation by the authority, 29 |
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174 | | - | the project area shall be eligible for an amount not to 30 |
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175 | | - | exceed fifty percent of the new state revenues estimated for 31 |
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176 | | - | the businesses within the project area, as identified by the 32 |
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177 | | - | authority in its application to the department of economic 33 |
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178 | | - | development prior to the designation of the project area by 34 |
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179 | | - | resolution, for a period not to exceed twenty years from the 35 |
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180 | | - | date of completion of the project. Such amount shall be 36 |
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181 | | - | subject to appropriation by the general assembly, as 37 |
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182 | | - | provided in subsection 6 of this section, to the department 38 |
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183 | | - | of economic development regional sports facility 39 |
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184 | | - | supplemental tax fund for distribution to the treasurer or 40 |
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185 | | - | other designated financial officer of the authority with an 41 |
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186 | | - | approved project. 42 |
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187 | | - | 3. The treasurer or other designated financial officer 43 |
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188 | | - | of the authority with an approved project shall deposit such 44 |
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189 | | - | funds in a separate segregated account within the funds of 45 |
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190 | | - | the authority. 46 |
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191 | | - | 4. No transfer from the general rev enue fund to the 47 |
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192 | | - | Missouri regional sports facility supplemental tax fund 48 SS SCS SB 80 7 |
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193 | | - | shall be made unless an appropriation is made from the 49 |
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194 | | - | general revenue fund for that purpose. No authority shall 50 |
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195 | | - | commit any new state revenues prior to an appropriation 51 |
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196 | | - | being made for that project. Appropriations from new state 52 |
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197 | | - | revenues shall not be distributed from the Missouri regional 53 |
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198 | | - | sports facility supplemental tax fund to an authority unless 54 |
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199 | | - | the county which has established the authority has imposed a 55 |
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200 | | - | tax at the maximum rate provided by section 67.1158. 56 |
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201 | | - | 5. In order for a project to be eligible to receive 57 |
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202 | | - | the revenue described in subsection 2 of this section, the 58 |
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203 | | - | authority shall comply with the requirements of subsection 6 59 |
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204 | | - | of this section prior to the time the p roject is adopted or 60 |
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205 | | - | approved by resolution. The director of the department of 61 |
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206 | | - | economic development and the commissioner of the office of 62 |
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207 | | - | administration may waive the requirement that the 63 |
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208 | | - | authority's application be submitted prior to the project's 64 |
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209 | | - | adoption or approved by resolution. 65 |
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210 | | - | 6. The initial appropriation of up to fifty percent of 66 |
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211 | | - | new state revenues authorized pursuant to subsection 2 of 67 |
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212 | | - | this section shall not be made to or distributed by the 68 |
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213 | | - | department of economic development to an aut hority until all 69 |
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214 | | - | of the following conditions have been satisfied: 70 |
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215 | | - | (1) The director of the department of economic 71 |
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216 | | - | development or his or her designee and the commissioner of 72 |
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217 | | - | the office of administration or his or her designee have 73 |
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218 | | - | approved an application made by the authority for the 74 |
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219 | | - | appropriation of new state revenues. The authority shall 75 |
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220 | | - | include in the application the following items: 76 |
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221 | | - | (a) A description of the project; 77 |
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222 | | - | (b) A description of the project area, including the 78 |
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223 | | - | businesses currently identified within the project area and 79 SS SCS SB 80 8 |
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224 | | - | the anticipated businesses within the project area upon 80 |
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225 | | - | completion of the project; 81 |
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226 | | - | (c) The base year of state sales tax revenues within 82 |
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227 | | - | the project area prior to approval of the project; 83 |
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228 | | - | (d) An estimate of the incremental increase in the 84 |
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229 | | - | general revenue portion of state sales tax revenue within 85 |
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230 | | - | the project area after completion of the project; 86 |
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231 | | - | (e) The name, street and mailing address, and phone 87 |
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232 | | - | number of the chairman of the authority; 88 |
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233 | | - | (f) The street address or other means of identifying 89 |
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234 | | - | each parcel of property within the project area; 90 |
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235 | | - | (g) The estimated costs of development of the project; 91 |
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236 | | - | (h) The anticipated sources of funds to pay such costs 92 |
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237 | | - | of development of the pr oject; 93 |
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238 | | - | (i) Evidence of commitment to finance such costs of 94 |
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239 | | - | development of the project and the anticipated type and 95 |
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240 | | - | terms of such financing; 96 |
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241 | | - | (j) The anticipated type and terms of any obligations 97 |
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242 | | - | to be issued by the authority pursuant to subdi vision (6) of 98 |
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243 | | - | section 67.1155 to finance all or any portion of the project; 99 |
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244 | | - | (k) The general land uses to apply in the project area; 100 |
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245 | | - | (l) The total number of individuals anticipated to be 101 |
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246 | | - | employed in the project area as a result of the project, 102 |
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247 | | - | broken down by full-time, part-time, and temporary positions; 103 |
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248 | | - | (m) The total number of full -time equivalent positions 104 |
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249 | | - | anticipated to be created within the project area upon 105 |
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250 | | - | completion of the project; 106 |
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251 | | - | (n) The average hourly wage to be paid to all new 107 |
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252 | | - | employees within the project area, broken down by full -time, 108 |
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253 | | - | part-time, and temporary positions; 109 |
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254 | | - | (o) A list of other community and economic benefits to 110 |
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255 | | - | result from the project; 111 SS SCS SB 80 9 |
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256 | | - | (p) A list of all development subsidies that any 112 |
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257 | | - | business benefitted from public expenditures within the 113 |
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258 | | - | project area has requested for the project, and the name of 114 |
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259 | | - | any other granting body from which such subsidies are sought; 115 |
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260 | | - | (q) A list of all other public investments made or to 116 |
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261 | | - | be made by this stat e or units of local government to 117 |
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262 | | - | support infrastructure or other needs generated by the 118 |
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263 | | - | project for which the funding pursuant to this section is 119 |
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264 | | - | being sought; 120 |
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265 | | - | (r) A market study for the project area; and 121 |
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266 | | - | (s) A certification by the chairman of the authority 122 |
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267 | | - | as to the accuracy of the information contained in the 123 |
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268 | | - | application; 124 |
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269 | | - | (2) The methodologies used in the application for 125 |
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270 | | - | determining the base year and determining the estimate of 126 |
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271 | | - | the incremental increase in the general revenue port ion of 127 |
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272 | | - | the state sales tax revenues shall be approved by the 128 |
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273 | | - | director of the department of economic development or his or 129 |
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274 | | - | her designee and the commissioner of the office of 130 |
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275 | | - | administration or his or her designee. Upon approval of the 131 |
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276 | | - | application, the director of the department of economic 132 |
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277 | | - | development or his or her designee and the commissioner of 133 |
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278 | | - | the office of administration or his or her designee shall 134 |
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279 | | - | issue a certificate of approval. The department of economic 135 |
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280 | | - | development may request the appropr iation following 136 |
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281 | | - | application approval; and 137 |
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282 | | - | (3) The appropriation shall be a portion of the 138 |
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283 | | - | estimate of the incremental increase in the general revenue 139 |
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284 | | - | portion of state sales tax revenues in the project area as 140 |
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285 | | - | indicated in the authority's applica tion, approved by the 141 |
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286 | | - | director of the department of economic development or his or 142 |
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287 | | - | her designee and the commissioner of the office of 143 SS SCS SB 80 10 |
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288 | | - | administration or his or her designee. At no time shall the 144 |
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289 | | - | annual amount of new state revenues approved for 145 |
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290 | | - | disbursements from the Missouri regional sports facility 146 |
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291 | | - | supplemental tax fund for approved projects exceed ten 147 |
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292 | | - | million dollars. At no time shall a single project receive 148 |
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293 | | - | an annual appropriation pursuant to this section that 149 |
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294 | | - | exceeds five million dollars. 150 |
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295 | | - | 67.3000. 1. As used in this section and section 1 |
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296 | | - | 67.3005, the following words shall mean: 2 |
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297 | | - | (1) "Active member", an organization located in the 3 |
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298 | | - | state of Missouri which solicits and services sports events, 4 |
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299 | | - | sports organizations, a nd other types of sports -related 5 |
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300 | | - | activities in that community; 6 |
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301 | | - | (2) "Applicant" or "applicants", one or more certified 7 |
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302 | | - | sponsors, endorsing counties, endorsing municipalities, or a 8 |
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303 | | - | local organizing committee, acting individually or 9 |
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304 | | - | collectively; 10 |
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305 | | - | (3) "Certified sponsor" or "certified sponsors", a 11 |
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306 | | - | nonprofit organization which is an active member of the 12 |
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307 | | - | [National Association of Sports Commissions ] Sports Events 13 |
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308 | | - | and Tourism Association ; 14 |
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309 | | - | (4) "Department", the Missouri department of economi c 15 |
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310 | | - | development; 16 |
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311 | | - | (5) "Director", the director of revenue; 17 |
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312 | | - | (6) ["Eligible costs" shall include: 18 |
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313 | | - | (a) Costs necessary for conducting the sporting event; 19 |
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314 | | - | (b) Costs relating to the preparations necessary for 20 |
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315 | | - | the conduct of the sporting e vent; and 21 |
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316 | | - | (c) An applicant's pledged obligations to the site 22 |
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317 | | - | selection organization as evidenced by the support contract 23 |
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318 | | - | for the sporting event including, but not limited to, bid 24 |
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319 | | - | fees and financial guarantees. 25 SS SCS SB 80 11 |
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320 | | - | Eligible costs shall not include any cost associated with 26 |
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321 | | - | the rehabilitation or construction of any facilities used to 27 |
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322 | | - | host the sporting event or direct payments to a for -profit 28 |
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323 | | - | site selection organization, but may include costs 29 |
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324 | | - | associated with the retrofitting of a facility necessary to 30 |
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325 | | - | accommodate the sporting event; 31 |
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326 | | - | (7)] "Eligible donation", donations received, by a 32 |
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327 | | - | certified sponsor or local organizing committee, from a 33 |
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328 | | - | taxpayer that may include cash, publicly traded stocks and 34 |
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329 | | - | bonds, and real estate that will be valued and d ocumented 35 |
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330 | | - | according to rules promulgated by the department. Such 36 |
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331 | | - | donations shall be used solely to provide funding to attract 37 |
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332 | | - | sporting events to this state; 38 |
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333 | | - | [(8)] (7) "Endorsing municipality" or "endorsing 39 |
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334 | | - | municipalities", any city, town, incorp orated village, or 40 |
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335 | | - | county that contains a site selected by a site selection 41 |
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336 | | - | organization for one or more sporting events; 42 |
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337 | | - | [(9)] (8) "Joinder agreement", an agreement entered 43 |
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338 | | - | into by one or more applicants, acting individually or 44 |
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339 | | - | collectively, and a site selection organization setting out 45 |
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340 | | - | representations and assurances by each applicant in 46 |
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341 | | - | connection with the selection of a site in this state for 47 |
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342 | | - | the location of a sporting event; 48 |
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343 | | - | [(10)] (9) "Joinder undertaking", an agreement entered 49 |
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344 | | - | into by one or more applicants, acting individually or 50 |
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345 | | - | collectively, and a site selection organization that each 51 |
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346 | | - | applicant will execute a joinder agreement in the event that 52 |
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347 | | - | the site selection organization selects a site in this state 53 |
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348 | | - | for a sporting event; 54 |
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349 | | - | [(11)] (10) "Local organizing committee", a nonprofit 55 |
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350 | | - | corporation or its successor in interest that: 56 SS SCS SB 80 12 |
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351 | | - | (a) Has been authorized by one or more certified 57 |
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352 | | - | sponsors, endorsing municipalities, or endorsing counties, 58 |
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353 | | - | acting individually or collecti vely, to pursue an 59 |
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354 | | - | application and bid on its or the applicant's behalf to a 60 |
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355 | | - | site selection organization for selection as the host of one 61 |
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356 | | - | or more sporting events; or 62 |
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357 | | - | (b) With the authorization of one or more certified 63 |
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358 | | - | sponsors, endorsing municipa lities, or endorsing counties, 64 |
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359 | | - | acting individually or collectively, executes an agreement 65 |
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360 | | - | with a site selection organization regarding a bid to host 66 |
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361 | | - | one or more sporting events; 67 |
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362 | | - | (11) "Participant registration fee", any fee charged 68 |
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363 | | - | to a team or organization to participate in a sporting 69 |
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364 | | - | event, including, but not limited to, team entry fees, 70 |
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365 | | - | competition fees, or similar payments required for 71 |
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366 | | - | participation. Such fees shall qualify as an eligible cost 72 |
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367 | | - | for purposes of receiving tax credits pursuant to this 73 |
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368 | | - | section; 74 |
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369 | | - | (12) "Registered participant", an individual who is 75 |
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370 | | - | registered to compete in a sporting event, or an athlete, 76 |
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371 | | - | coach, or other individual who is part of a team's official 77 |
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372 | | - | contingent with an official capacity for such sporting eve nt; 78 |
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373 | | - | (13) "Site selection organization", the National 79 |
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374 | | - | Collegiate Athletic Association (NCAA); an NCAA member 80 |
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375 | | - | conference, university, or institution; the National 81 |
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376 | | - | Association of Intercollegiate Athletics (NAIA); the United 82 |
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377 | | - | States Olympic & Paralympic Committee [(USOC)] (USOPC); a 83 |
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378 | | - | national governing body (NGB) or international federation of 84 |
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379 | | - | a sport recognized by the [USOC] USOPC; the United States 85 |
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380 | | - | Golf Association (USGA); the United States Tennis 86 |
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381 | | - | Association (USTA); the Amateur Athletic Union (AA U); the 87 |
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382 | | - | National Christian College Athletic Association (NCCAA); the 88 SS SCS SB 80 13 |
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383 | | - | National Junior College Athletic Association (NJCAA); the 89 |
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384 | | - | United States Sports Specialty Association (USSSA); any 90 |
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385 | | - | rights holder member of the [National Association of Sports 91 |
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386 | | - | Commissions (NASC)] Sports Events and Tourism Association 92 |
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387 | | - | (Sports ETA); other major regional, national, and 93 |
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388 | | - | international sports associations, and amateur organizations 94 |
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389 | | - | that promote, organize, or administer sporting games or 95 |
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390 | | - | competitions; or other major region al, national, and 96 |
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391 | | - | international organizations that promote or organize 97 |
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392 | | - | sporting events; 98 |
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393 | | - | [(13)] (14) "Sporting event" or "sporting events", an 99 |
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394 | | - | amateur, collegiate, or Olympic sporting event that is 100 |
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395 | | - | competitively bid or is awarded by a site selecti on 101 |
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396 | | - | organization; 102 |
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397 | | - | [(14)] (15) "Support contract" or "support contracts", 103 |
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398 | | - | an event award notification, joinder undertaking, joinder 104 |
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399 | | - | agreement, or contract executed by an applicant and a site 105 |
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400 | | - | selection organization; 106 |
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401 | | - | [(15)] (16) "Tax credit" or "tax credits", a credit or 107 |
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402 | | - | credits issued by the department against the tax otherwise 108 |
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403 | | - | due under chapter 143 or 148, excluding withholding tax 109 |
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404 | | - | imposed under sections 143.191 to 143.265; 110 |
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405 | | - | [(16)] (17) "Taxpayer", any of the following 111 |
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406 | | - | individuals or entities who make an eligible donation: 112 |
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407 | | - | (a) A person, firm, partner in a firm, corporation, or 113 |
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408 | | - | a shareholder in an S corporation doing business in the 114 |
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409 | | - | state of Missouri and subject to the state income tax 115 |
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410 | | - | imposed under chapter 143; 116 |
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411 | | - | (b) A corporation subject to the annual corporation 117 |
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412 | | - | franchise tax imposed under chapter 147; 118 |
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413 | | - | (c) An insurance company paying an annual tax on its 119 |
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414 | | - | gross premium receipts in this state; 120 SS SCS SB 80 14 |
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415 | | - | (d) Any other financial institution paying taxes to 121 |
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416 | | - | the state of Missouri or any political subdivision of this 122 |
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417 | | - | state under chapter 148; 123 |
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418 | | - | (e) An individual subject to the state income tax 124 |
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419 | | - | imposed under chapter 143; 125 |
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420 | | - | (f) Any charitable organization which is exempt from 126 |
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421 | | - | federal income tax and whose Missouri unr elated business 127 |
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422 | | - | taxable income, if any, would be subject to the state income 128 |
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423 | | - | tax imposed under chapter 143. 129 |
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424 | | - | 2. An applicant may submit a copy of a support 130 |
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425 | | - | contract for a sporting event to the department. Within 131 |
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426 | | - | sixty days of receipt of the sport ing event support 132 |
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427 | | - | contract, the department may review the applicant's support 133 |
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428 | | - | contract and certify such support contract if it complies 134 |
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429 | | - | with the requirements of this section. Upon certification 135 |
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430 | | - | of the support contract by the department, the applicant may 136 |
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431 | | - | be authorized to receive the tax credit under subsection 4 137 |
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432 | | - | of this section. 138 |
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433 | | - | 3. No more than ninety days following the conclusion 139 |
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434 | | - | of the sporting event, the applicant shall submit [eligible 140 |
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435 | | - | costs and documentation of the costs evidenced by rec eipts, 141 |
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436 | | - | paid invoices, event settlements, or other documentation in 142 |
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437 | | - | a manner prescribed by the department. Eligible costs may 143 |
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438 | | - | be paid by the applicant or an entity cohosting the event 144 |
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439 | | - | with the applicant] a ticket sales or box office statement 145 |
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440 | | - | verifying the total number of tickets sold for such event, 146 |
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441 | | - | or, if such event was participant -based, a list of all 147 |
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442 | | - | registered participants, including documentation verifying 148 |
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443 | | - | the participant registration fees, if applicable, paid by 149 |
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444 | | - | teams or organizations, calcu lated by dividing the total 150 |
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445 | | - | team entry fee by the number of registered participants on 151 |
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446 | | - | each team. 152 SS SCS SB 80 15 |
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447 | | - | 4. (1) [No later than seven days following the 153 |
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448 | | - | conclusion of the sporting event, the department, in 154 |
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449 | | - | consultation with the director, shall determine the total 155 |
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450 | | - | number of tickets sold at face value for such event or, if 156 |
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451 | | - | such event was participant -based and did not sell admission 157 |
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452 | | - | tickets, the total number of paid participant registrations. 158 |
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453 | | - | (2)] No later than sixty days following the receipt of 159 |
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454 | | - | [eligible costs and] documentation of [such costs] ticket 160 |
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455 | | - | sales or registered participants from the applicant as 161 |
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456 | | - | required in subsection 3 of this section, the department 162 |
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457 | | - | shall, except for the limitations under subsection 5 of this 163 |
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458 | | - | section, issue a certificate for a refundable tax credit to 164 |
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459 | | - | the applicant for [the least of]: 165 |
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460 | | - | (a) [One hundred percent of eligible costs incurred by 166 |
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461 | | - | the applicant; 167 |
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462 | | - | (b)] An amount equal to [five] six dollars for every 168 |
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463 | | - | admission ticket sold to such event; or 169 |
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464 | | - | [(c)] (b) An amount equal to [ten] twelve dollars for 170 |
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465 | | - | every [paid] registered participant [registration] if such 171 |
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466 | | - | event was participant -based [and did not sell admission 172 |
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467 | | - | tickets]. 173 |
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468 | | - | The calculations under paragraphs [(b)] (a) and [(c)] (b) of 174 |
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469 | | - | this subdivision shall use the actual number of tickets sold 175 |
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470 | | - | or [registrations paid] registered participants , not an 176 |
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471 | | - | estimated amount. 177 |
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472 | | - | (2) The department of revenue shall issue a refund of 178 |
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473 | | - | the refundable tax credit to the applicant within ninety 179 |
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474 | | - | days of the applicant's submission of a valid tax credit 180 |
---|
475 | | - | certificate issued in accordance with subdivision (1) of 181 |
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476 | | - | this subsection. Notwithstanding any provision of law to 182 SS SCS SB 80 16 |
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477 | | - | the contrary, this may include a refund issued in advance of 183 |
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478 | | - | the close of the tax period to which the tax credit applies. 184 |
---|
479 | | - | (3) Tax credits authorized by this section may be 185 |
---|
480 | | - | claimed against taxes imposed by chapters 143 and 148 [and 186 |
---|
481 | | - | shall be claimed within one year of the close of the tax 187 |
---|
482 | | - | year for which the credits were issued ]. Tax credits 188 |
---|
483 | | - | authorized by this section [may] shall not be transferred, 189 |
---|
484 | | - | sold, or assigned [by filing a notarized endorsement thereof 190 |
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485 | | - | with the department that names the transferee, the amount of 191 |
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486 | | - | tax credit transferred, and the value received for the 192 |
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487 | | - | credit, as well as any other information reasonably 193 |
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488 | | - | requested by the department ]. Notwithstanding any provision 194 |
---|
489 | | - | of law to the contrary, tax credits authorized by this 195 |
---|
490 | | - | section may be refunded at any time following issuance, even 196 |
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491 | | - | prior to the close of the tax peri od for which the credits 197 |
---|
492 | | - | were issued. An erroneous, excessive, or improper refund of 198 |
---|
493 | | - | these tax credits shall be considered an underpayment of tax 199 |
---|
494 | | - | on the date made. If any applicant is issued tax credits 200 |
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495 | | - | pursuant to this section that are refunded to s uch 201 |
---|
496 | | - | applicant, but the department of revenue later determines 202 |
---|
497 | | - | that the applicant receiving the credits owes or owed taxes 203 |
---|
498 | | - | that were not paid for the tax year for which the tax credit 204 |
---|
499 | | - | was issued, such applicant shall pay to the department of 205 |
---|
500 | | - | revenue the applicant's tax liability still due, including 206 |
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501 | | - | any underpayment caused by the erroneous, excessive, or 207 |
---|
502 | | - | improper refund of these tax credits. The department of 208 |
---|
503 | | - | revenue may promulgate such rules as are necessary to 209 |
---|
504 | | - | administer such clawback provisions under this subdivision. 210 |
---|
505 | | - | 5. In no event shall the amount of tax credits issued 211 |
---|
506 | | - | by the department under subsection 4 of this section exceed 212 |
---|
507 | | - | [three] six million dollars in any fiscal year. For all 213 |
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508 | | - | events located within the following counties, the to tal 214 SS SCS SB 80 17 |
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509 | | - | amount of tax credits issued shall not exceed [two] five 215 |
---|
510 | | - | million [seven] five hundred thousand dollars in any fiscal 216 |
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511 | | - | year: 217 |
---|
512 | | - | (1) A county with a charter form of government and 218 |
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513 | | - | with more than six hundred thousand inhabitants; or 219 |
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514 | | - | (2) A city not within a county. 220 |
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515 | | - | 6. An applicant shall provide any information 221 |
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516 | | - | necessary as determined by the department for the department 222 |
---|
517 | | - | and the director to fulfill the duties required by this 223 |
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518 | | - | section. At any time upon the request of the state of 224 |
---|
519 | | - | Missouri, a certified sponsor shall subject itself to an 225 |
---|
520 | | - | audit conducted by the state. 226 |
---|
521 | | - | 7. This section shall not be construed as creating or 227 |
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522 | | - | requiring a state guarantee of obligations imposed on an 228 |
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523 | | - | endorsing municipality under a support contract or any other 229 |
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524 | | - | agreement relating to hosting one or more sporting events in 230 |
---|
525 | | - | this state. 231 |
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526 | | - | 8. The department shall only certify an applicant's 232 |
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527 | | - | support contract for a sporting event in which the site 233 |
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528 | | - | selection organization has yet to select a location for the 234 |
---|
529 | | - | sporting event as of December 1, 2012. No support contract 235 |
---|
530 | | - | shall be certified unless the site selection organization 236 |
---|
531 | | - | has chosen to use a location in this state from competitive 237 |
---|
532 | | - | bids, at least one of which was a bid for a location outside 238 |
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533 | | - | of this state, except that competitive bids shall not be 239 |
---|
534 | | - | required for any previously -awarded event whose site 240 |
---|
535 | | - | selection organization extends its contractual agreement 241 |
---|
536 | | - | with the event's certified sponsor or for any [post-season] 242 |
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537 | | - | neutral-site collegiate [football game or other neutral- 243 |
---|
538 | | - | site] game with at least one out -of-state team. Support 244 |
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539 | | - | contracts shall not be certified by the department after 245 |
---|
540 | | - | August 28, [2025] 2032, provided that the support contracts 246 SS SCS SB 80 18 |
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541 | | - | may be certified on or prior to August 28, [2025] 2032, for 247 |
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542 | | - | sporting events that will be held after such date. 248 |
---|
543 | | - | 9. The department may promulgate rules as necessary to 249 |
---|
544 | | - | implement the provisions of this section. Any rule or 250 |
---|
545 | | - | portion of a rule, as that term is defined in section 251 |
---|
546 | | - | 536.010, that is created unde r the authority delegated in 252 |
---|
547 | | - | this section shall become effective only if it complies with 253 |
---|
548 | | - | and is subject to all of the provisions of chapter 536 and, 254 |
---|
549 | | - | if applicable, section 536.028. This section and chapter 255 |
---|
550 | | - | 536 are nonseverable and if any of the power s vested with 256 |
---|
551 | | - | the general assembly pursuant to chapter 536 to review, to 257 |
---|
552 | | - | delay the effective date, or to disapprove and annul a rule 258 |
---|
553 | | - | are subsequently held unconstitutional, then the grant of 259 |
---|
554 | | - | rulemaking authority and any rule proposed or adopted after 260 |
---|
555 | | - | August 28, 2013, shall be invalid and void. 261 |
---|
556 | | - | 10. The repeal and reenactment of subsection 8 of this 262 |
---|
557 | | - | section shall become effective August 28, 2025, and the 263 |
---|
558 | | - | repeal and reenactment of the remainder of the provisions of 264 |
---|
559 | | - | this section shall become effec tive July 1, 2026, and shall 265 |
---|
560 | | - | apply only to tax credits issued on or after July 1, 2026. 266 |
---|
561 | | - | 67.3005. 1. For all tax years beginning on or after 1 |
---|
562 | | - | January 1, 2013, any taxpayer shall be allowed a credit 2 |
---|
563 | | - | against the taxes otherwise due unde r chapter 143, 147, or 3 |
---|
564 | | - | 148, excluding withholding tax imposed by sections 143.191 4 |
---|
565 | | - | to 143.265, in an amount equal to fifty percent of the 5 |
---|
566 | | - | amount of an eligible donation, subject to the restrictions 6 |
---|
567 | | - | in this section. The amount of the tax credit claimed shall 7 |
---|
568 | | - | not exceed the amount of the taxpayer's state income tax 8 |
---|
569 | | - | liability in the tax year for which the credit is claimed. 9 |
---|
570 | | - | Any amount of credit that the taxpayer is prohibited by this 10 |
---|
571 | | - | section from claiming in a tax year shall not be refundable, 11 SS SCS SB 80 19 |
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572 | | - | but may be carried forward to any of the taxpayer's two 12 |
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573 | | - | subsequent tax years. 13 |
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574 | | - | 2. To claim the credit authorized in this section, a 14 |
---|
575 | | - | certified sponsor or local organizing committee shall submit 15 |
---|
576 | | - | to the department an application for the tax credit 16 |
---|
577 | | - | authorized by this section on behalf of taxpayers. The 17 |
---|
578 | | - | department shall verify that the applicant has submitted the 18 |
---|
579 | | - | following items accurately and completely: 19 |
---|
580 | | - | (1) A valid application in the form and format 20 |
---|
581 | | - | required by the department; 21 |
---|
582 | | - | (2) A statement attesting to the eligible donation 22 |
---|
583 | | - | received, which shall include the name and taxpayer 23 |
---|
584 | | - | identification number of the individual making the eligible 24 |
---|
585 | | - | donation, the amount of the eligible donation, and the date 25 |
---|
586 | | - | the eligible donation was received; and 26 |
---|
587 | | - | (3) Payment from the certified sponsor or local 27 |
---|
588 | | - | organizing committee equal to the value of the tax credit 28 |
---|
589 | | - | for which application is made. 29 |
---|
590 | | - | If the certified sponsor or local organizing committee 30 |
---|
591 | | - | applying for the tax credit meets all criteria required by 31 |
---|
592 | | - | this subsection, the department shall issue a certificate in 32 |
---|
593 | | - | the appropriate amount. 33 |
---|
594 | | - | 3. Tax credits issued under this section may be 34 |
---|
595 | | - | assigned, transferred, sold, or otherwise conveyed, and the 35 |
---|
596 | | - | new owner of the tax credit shall have the same righ ts in 36 |
---|
597 | | - | the credit as the taxpayer. Whenever a certificate is 37 |
---|
598 | | - | assigned, transferred, sold, or otherwise conveyed, a 38 |
---|
599 | | - | notarized endorsement shall be filed with the department 39 |
---|
600 | | - | specifying the name and address of the new owner of the tax 40 |
---|
601 | | - | credit or the value of the credit. In no event shall the 41 |
---|
602 | | - | amount of tax credits issued by the department under this 42 SS SCS SB 80 20 |
---|
603 | | - | section exceed [ten million] five hundred thousand dollars 43 |
---|
604 | | - | in any fiscal year. 44 |
---|
605 | | - | 4. The department shall promulgate rules to implement 45 |
---|
606 | | - | the provisions of this section. Any rule or portion of a 46 |
---|
607 | | - | rule, as that term is defined in section 536.010, that is 47 |
---|
608 | | - | created under the authority delegated in this section shall 48 |
---|
609 | | - | become effective only if it complies with and is subject to 49 |
---|
610 | | - | all of the provisions of chapter 536 and, if applicable, 50 |
---|
611 | | - | section 536.028. This section and chapter 536 are 51 |
---|
612 | | - | nonseverable and if any of the powers vested with the 52 |
---|
613 | | - | general assembly pursuant to chapter 536 to review, to delay 53 |
---|
614 | | - | the effective date, or to disapprove and annul a rule are 54 |
---|
615 | | - | subsequently held unconstitutional, then the grant of 55 |
---|
616 | | - | rulemaking authority and any rule proposed or adopted after 56 |
---|
617 | | - | August 28, 2013, shall be invalid and void. 57 |
---|
618 | | - | 5. Under section 23.253 of the Missouri sunset act: 58 |
---|
619 | | - | (1) The provisions of the new prog ram authorized under 59 |
---|
620 | | - | this section and section 67.3000 [and under this section ] 60 |
---|
621 | | - | shall automatically sunset six years after August 28, [2019] 61 |
---|
622 | | - | 2026, unless reauthorized by an act of the general assembly; 62 |
---|
623 | | - | and 63 |
---|
624 | | - | (2) If such program is reauthorized, the program 64 |
---|
625 | | - | authorized under this section and section 67.3000 [and under 65 |
---|
626 | | - | this section] shall automatically sunset twelve years after 66 |
---|
627 | | - | the effective date of the reauthorization of these sections; 67 |
---|
628 | | - | and 68 |
---|
629 | | - | (3) Section 67.3000 and this section shall terminate 69 |
---|
630 | | - | on September first of the calendar year immediately 70 |
---|
631 | | - | following the calendar year in which the program authorized 71 |
---|
632 | | - | under these sections is sunset. 72 |
---|
633 | | - | 6. The repeal and reenactment of subsection 5 of this 73 |
---|
634 | | - | section shall become effective August 28, 2025, and the 74 SS SCS SB 80 21 |
---|
635 | | - | repeal and reenactment of the remainder of the provisions of 75 |
---|
636 | | - | this section shall become effective July 1, 2026, and shall 76 |
---|
637 | | - | apply only to tax credits issued on or after July 1, 2026. 77 |
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| 14 | + | Section A. Section 173.280, RSMo, is repealed and two new 1 |
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| 15 | + | sections enacted in lieu thereof, to be known as sections 2 |
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| 16 | + | 167.750 and 173.280, to read as follows:3 |
---|