SB 0277 Modifies distribution of local excursion gambling boat taxes within St. Louis County
LR Number:0721S.01I Fiscal Note:0721-01
Committee:Local Government and Economic Development
Last Action:01/29/01 - Second Read and Referred S Local Government & Journal page:S155
Economic Development Committee
Effective Date:August 28, 2001
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Current Bill Summary

SB 277 - Current law imposes a 20% tax on adjusted gross receipts of gambling games on excursion gambling boats. The designated home dock city or county receives 10% percent of that tax money (i.e. 2% of adjusted gross receipts) "for use in providing services necessary for the safety of the public visiting an excursion gambling boat". Current law requires the Director of Revenue to distribute these local tax receipts to the designated home dock city or county, unless the home dock entity has entered into a sharing agreement with other cities or counties.

This act requires the Director of Revenue to distribute local gambling tax receipts owed to St. Louis County, or any municipality within St. Louis County, pursuant to the distribution formulas currently applicable to St. Louis County sales tax receipts. The act respects existing contractual agreements for revenue sharing, but prohibits future contractual agreements for revenue sharing within St. Louis County.