Bill > SB10

This bill establishes two key provisions related to stadium financing in Missouri: the "No Taxation, All Donation Act" and the "No Dog in the Fight Act". Under the first act, the state can use a newly created "No Taxation, All Donation Fund" to support athletic and entertainment facility projects, which must be funded entirely through private donations and have a total project cost of at least $500 million. The fund can support professional sports facilities (specifically for Major League Baseball or National Football League teams) with a seating capacity over 30,000, including associated structures like headquarters and training facilities. Individuals donating more than $10,000 will receive free parking at the funded facility. The second act, the "No Dog in the Fight Act", limits profits from food sales at such facilities to no more than 20%. The bill requires all applications for funding to be reviewed and potentially approved by the director of the Missouri Department of Economic Development and the commissioner of the Office of Administration, ensuring careful oversight of how these donated funds are used for stadium development.

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=E1&BillID=18267445