Modifies tourism tax revenue allocation in Missouri, establishing separate accounts for infrastructure, debt retirement, and tourism promotion.
The bill modifies provisions for the use of tourism tax revenues in Missouri. It establishes a Tourism Tax Trust Fund, with 75% of collected taxes deposited in an Infrastructure Account for tourism infrastructure and improvements, and 25% in a Tourism Promotion Account for marketing and promotion. If bonds have been issued prior to September 15, 1997, 75% of collected taxes are instead deposited in a Debt Retirement Account for bond repayment. The fund's moneys must not be commingled with municipal funds.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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