Bill > SB184

This bill modifies tax credits for sporting events in Missouri, updating definitions and provisions related to attracting sporting events to the state. The bill expands the definition of "site selection organization" to include more sports associations and updates terminology (like changing USOC to USOPC and adding the Sports Events and Tourism Association). It increases the tax credit amount from five to six dollars per admission ticket and from ten to twelve dollars per registered participant. The bill also reduces the maximum annual tax credit amount from ten million to five hundred thousand dollars and extends the program's sunset date to August 28, 2032. Applicants can receive tax credits by submitting documentation of ticket sales or registered participants to the Missouri Department of Economic Development, with credits being refundable and issued within 90 days. The bill maintains restrictions on credit transfers and requires that events be competitively bid, with some exceptions for previously awarded or neutral-site games. The tax credit program is designed to incentivize and support sporting events that bring economic benefits to Missouri by allowing taxpayers to receive credits for donations to certified sports event sponsors.

Labor and Employment

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=72