HCS SB 93 -- TAXATION

SPONSOR:  Cooper (120)

COMMITTEE ACTION:  Voted "do pass" by the Committee on Tax Policy
by a vote of 17 to 1.

This substitute exempts from state and local sales and use taxes
all purchases of tangible personal property and all items
converted into tangible personal property which are donated to
the State of Missouri.

The substitute exempts from property tax motor vehicles leased
for a period of one year or more to the state or any political
subdivision.

The substitute also creates the Exhibition Center and Recreation
Facility District Act.  It enables citizens of Boone, Buchanan,
Camden, Jasper, Jefferson, Miller, Morgan, and Newton counties to
petition to create an exhibition center and recreation facility
district.  At least 50 property owners in a county must sign the
petition.

Once the petition is filed, the governing body may approve a
resolution to create the district.  Following a public hearing,
the governing body may adopt an order establishing the proposed
district.

A board of trustees will administer any district created.  The
governing body of each county within the district will appoint
four residents from the portion of the county within the district
to serve on the board.  The board will have the power to enter
into contracts or other agreements affecting the affairs of the
district, to borrow money, to issue bonds, to acquire and dispose
of real and personal property, to refund bonds without an
election, to manage the affairs of the district, to hire agents,
and to amend and adopt bylaws.

The district may submit to its voters a sales tax of up to 0.5%.
The tax will be reduced automatically to a rate of 0.1% after 25
years unless an extension is voted upon by the voters in the
district.

The substitute also authorizes the passage of a local sales tax
in Shannon County on lodging, campgrounds, canoe rentals, and
trail rides.  The tax cannot be greater than 5%.  The governing
body must submit the tax to a vote of the people.  Revenue from
the tax will be used for the promotion of tourism in the county.

The substitute contains an emergency clause on the portion of the
bill relating to the Exhibition Center and Recreational Facility
District Tax Act.

FISCAL NOTE:  Not available at time of printing.

PROPONENTS:  Supporters of the bill as it passed the Senate say
that persons who are generous enough to donate personal property
to the State should not have to pay sales or use tax on the gift.

Testifying for the bill was Senator Shields.

OPPONENTS:  There was no opposition voiced to the committee.

Bill Tucker, Deputy Director of Research

Missouri House of Representatives
Last Updated July 25, 2003 at 10:13 am