Bill > SB1686

This bill repeals the "Show-Me Sports Investment Act," which previously allowed the state of Missouri to provide financial assistance and tax credits for the development of athletic and entertainment facilities, specifically those with a seating capacity of over thirty thousand and associated with professional sports franchises like Major League Baseball or the National Football League. The original act, enacted to attract or retain professional sports teams, permitted state expenditures and tax credits for projects costing at least $500 million, with annual state appropriations capped at the baseline year state tax revenues generated by the facility. The bill removes these provisions, effectively ending these specific tax incentives for professional sports teams in Missouri.

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=5552590