Missouri SB1662 modifies early childhood education tax provisions, including sales tax rates and fund management.
Missouri SB1662 modifies provisions related to early childhood education taxes. It allows counties to impose a sales tax for early childhood education purposes, with specific rate limits and distribution rules. The bill also establishes an early childhood education fund to manage these revenues, ensuring they are used for improving early childhood development programs. The fund can accept gifts, grants, and manage property sales to support its mission. The bill outlines rules for tax elections, fund audits, and the prohibition of board members having conflicts of interest.
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