SB1551

Authorizes certain third class cities to impose a transient guest tax for tourism promotion.

This bill allows certain third class cities in Missouri to impose a tax on transient guests' charges for lodging rooms and short-term rentals. The tax proceeds will be used for tourism promotion. The tax rate cannot exceed five percent per occupied lodging room per night or rental term. The city can choose to collect the tax internally or through the state's director of revenue. The tax becomes effective if approved by a majority of voters.