Missouri HB3237 modifies tourism tax proceeds allocation for infrastructure and debt retirement.
Missouri HB3237 changes how tourism tax proceeds are allocated. Seventy-five percent of collected taxes will be deposited in a "Debt Retirement Account" within the tourism tax trust fund, used to retire bonds or previously approved debt. The remaining twenty-five percent will be deposited into a "Tourism Promotion Account" for marketing and promotional purposes. The bill also repeals and replaces section 94.815, RSMo, detailing the deposit of tourism taxes into a special trust fund and their use for infrastructure improvements and debt retirement.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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