HCS/SB 738 - This act modifies provisions relating to taxation.
ST. LOUIS COUNTY SALES TAX (Section 66.620)
Currently, the revenues from a 1% sales tax in St. Louis County are distributed to unincorporated areas of the county as well as municipalities based on a formula. What are commonly called "Group B" entities pool their revenue from the tax. After a diversion to account for incorporation of previously unincorporated areas, revenues are generally split amongst the municipalities and unincorporated areas of the county in Group B by population, regardless of where the tax was collected.
Beginning January 1, 2017, municipalities and the unincorporated areas of the county in Group B receive at least 50% of the tax revenue generated in such municipality or unincorporated area of the county. However, such new formula shall not apply in any year where the total amount of sales taxes collected in the county is less than the amount collected in calendar year 2014 and any adjustment to provide a Group B entity with 50% of the tax revenue generated in that area shall not result in another Group B entity receiving less revenue than it received in 2014.
This provision is similar to provisions in HCS/SS/SB 937 (2016), SS/SCS/SB 788 (2016), SB 834 (2016), SB 379 (2015), HCS/HB 812 (2015), HCS/HB 1067 (2015) and CCS/HCS/SB 221 (2015).
ST. LOUIS COUNTY LAW ENFORCEMENT SALES TAX (Section 94.860)
This provision allows St. Louis County, upon approval by the county's voters, to impose a sales tax of up to one-half of one percent on all retail sales in unincorporated areas of the county for the purpose of providing law enforcement services to the county. The sales tax must be deposited into the "County Law Enforcement Sales Tax Trust Fund". If county voters reject the sales tax, the matter may be resubmitted no sooner than 3 years later. If voters reject the sales tax a second time the county shall have no power to collect a sales tax under this section.
This provision is substantially similar to SB 834 (2016) and provisions in HCS/HB 1561 (2016), SS/SCS/SB 788 (2016), HCS/SB 221 (2015), HCS/HB 812 (2015) and HCS/SS/SCS/SB 115 (2015).
DEVELOPMENT INCENTIVES FOR CERTAIN BUILDING OWNERS(Section 100.710)
This provision provides that a person or entity owning a building that is certified as a "Net Zero Energy Building" or a "LEED Platinum" building, located within a distressed community, and includes one or more businesses that create 200 new jobs may be authorized to act as an ""eligible industry" for purposes of receiving incentives for large-scale development.
ORGAN DONOR PROGRAM FUND (Section 143.1016)
Currently, the tax checkoff for the organ donor program fund is set to expire on August 28, 2017. This act removes the expiration date.
This provision provides that neither the state, nor any division of the state is permitted to expand the definition of residential rental property by subdividing a parcel of residential rental property when enforcing a rental licensing ordinance. The state and divisions of the state shall not require or enforce occupancy permits and business rental licenses for the same residential rental property.