Bill > HB3156

This bill modifies the "Show-Me Sports Investment Act" by updating provisions related to state funding for athletic and entertainment facilities, which are defined as venues with over 30,000 seats that are crucial for attracting or retaining professional sports teams. Key changes include requiring voter approval for projects costing over $100 million, establishing a repayment obligation for professional sports franchises that relocate their team or facilities out of state during the agreement term, and allowing for tax credits to be issued to taxpayers contributing to the infrastructure development fund for these projects, with specific limits and transferability options. The bill also clarifies definitions for terms like "baseline year state tax revenues" (state tax income generated by the facility in the year before an application is submitted, excluding certain World Cup revenue) and "state tax liability" (taxes owed under specific chapters of state law). The state, through the Department of Economic Development and the Office of Administration, can expend funds for these projects, subject to annual appropriation and specific limitations on the amount and duration of state support, ensuring that annual expenditures do not exceed the baseline year state tax revenues.

https://house.mo.gov/Bill.aspx?bill=HB3156&year=2026&code=R