SB 0238 Revises the Tourism Supplemental Revenue Fund
LR Number:0922S.06C Fiscal Note:0922-06
Committee:Agriculture, Conservation, Parks & Tourism
Last Action:05/18/01 - S Inf Calendar S Bills for Perfection Journal page:
Title:SCS SBs 238 & 250
Effective Date:August 28, 2001
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Current Bill Summary

SCS/SBs 238 & 250 - This act would revise the Tourism Supplemental Revenue Fund. Three changes are made to the fund: 1) The inflation component is reduced to two percent; 2) The cap is changed from $3 million to an increasing cap of the previous year's maximum plus any percentage of positive growth in retail sale of tourism-oriented goods and services in the fiscal year three years prior to the fiscal year in which the transfer is made; and 3) The SIC code for "Botanical & Zoological Gardens" has been replaced with the SIC code for "Automobile Rentals Without Drivers."

This act also creates the "Cultural Tourism Development Program" within the Department of Economic Development. The goal of the program is to increase visitor enjoyment and visitor expenditures associated with artistic, heritage and historical offerings in the state.

The Department of Economic Development will work in conjunction with the Division of Tourism, Missouri Humanities Council, Missouri Arts Council, Department of Transportation, Department of Natural Resources, Secretary of State's office, and other entities to administer the grant and loan program. No single award for a project shall exceed ten percent of the total awards for a single year.

A portion of this act is similar to SB 954 (2000).