Missouri Senate

House Amendment

AMATEUR SPORTING EVENT TAX CREDIT

This act modifies several provisions related to tax credits for amateur sporting events.

The definition of "eligible costs" is modified to include bid fees and financial guarantees pledged to a site selection organization. The definition of "site selection organization" is also modified to include several additional organizations, as described in the act.

Currently, an applicant is required to submit eligible costs and documentation to the Department of Economic Development no more than thirty days following the conclusion of the sporting event. This act changes such deadline to ninety days. Documented eligible costs paid may be paid either by the applicant or an entity co-hosting the event with the applicant.

This act requires, rather than allows, the Department of Economic Development to determine the total number of tickets sold to the event, or, if such event is participant-based with no admission tickets, the total number of paid participant registrations.

This act also requires, rather than allows, the Department to issue a tax credit pursuant to the provisions of the program. For the purposes of calculating the amount of the tax credit, an applicant shall be allowed $10 for every paid participant registration if the event is participant-based with no paid admission tickets.

The aggregate amount of tax credits issued under this program is limited to $3 million per fiscal year. This act implements a fiscal year cap of $2.7M for all events located in Jackson or St. Louis Counties or St. Louis City.

Collegiate football bowls and other neutral-site games with at least one out-of-state team shall be exempt from the competitive bid requirements of the program.

Currently the Department is prohibited from accepting applications for this tax credit program after August 28, 2019. This act extends the program until August 28, 2030. (Section 67.3000)

This act also extends the sunset for a tax credit for contributions to a local organizing committee or certified sponsor from August 28, 2019, to August 28, 2030. (Section 67.3005)

This provision is identical to HB 1438 (2018).

ATHLETES AND ENTERTAINERS TAX

Currently, the revenue generated from an income tax on certain nonresident athletes and entertainers is distributed among several funds. Such distributions will currently end on December 31, 2020. This act extends the distributions until December 31, 2030. (Section 143.183)

This provision is similar to a provision contained in SS#2/SCS/SBs 617, 611, & 667 (2018).

CORPORATE INCOME APPORTIONMENT

This act provides that intercompany transactions between corporations that file a consolidated return shall not be included in the definition of sales for the purposes of income apportionment. (Section 143.451)

This provision is identical to a provision contained in HCS/SB 884 (2018) and is similar to a provision contained in SS#2/SCS/SBs 617, 611, & 667 (2018).

JOSHUA NORBERG

HA 1 - THIS AMENDMENT MODIFIES SEVERAL PROVISIONS RELATING TO HISTORIC PRESERVATION TAX CREDITS. THIS AMENDMENT IS SUBSTANTIALLY SIMILAR TO SS#2/SCS/SB 590 (2018).

HA 2 - THIS AMENDMENT MODIFIES PROVISIONS RELATING TO RESIDENTIAL DWELLING RENTALS. THIS AMENDMENT IS SUBSTANTIALLY SIMILAR TO HB 2457 (2018) AND HB 2569 (2018).

HA 3, AS AMENDED - THIS AMENDMENT EXTENDS THE DATE BY WHICH A LOCAL TAXING JURISDICTION SHALL PLACE A QUESTION ON THE BALLOT REGARDING THE REPEAL OF A LOCAL SALES TAX ON CERTAIN MOTOR VEHICLES PURCHASED FROM OUT-OF-STATE DEALERS FROM NOVEMBER 2018 TO NOVEMBER 2022. THIS AMENDMENT ALSO REQUIRES THE DEPARTMENT OF REVENUE TO ANNUALLY ISSUE A REPORT CONTAINING CERTAIN INFORMATION ON ALL SALES AND USE TAX LEVIES IMPOSED IN THIS STATE.

HA 4 - THIS AMENDMENT PROVIDES A DEFINITION FOR "SOLAR ENERGY SYSTEMS" FOR THE PURPOSES OF PROPERTY TAX EXEMPTIONS.

HA 5, AS AMENDED - THIS AMENDMENT CREATES A MISSOURI EARNED INCOME TAX CREDIT AS WELL AS AN INCOME TAX DEDUCTION FOR CERTAIN VETERANS IN AN AMOUNT EQUAL TO ANY AMOUNT OF STUDENT LOAN FORGIVENESS INCLUDED IN FEDERAL ADJUSTED GROSS INCOME.

HA 6 - THIS AMENDMENT CREATES AN INCOME TAX DEDUCTION IN THE AMOUNT OF THE VALUE OF ANY PRIZE OR AWARD WON BY A TAXPAYER IN THE OLYMPIC, PARALYMPIC, OR SPECIAL OLYMPIC GAMES.

HA 7 - THIS AMENDMENT MODIFIES SEVERAL PROVISIONS RELATING TO TAX INCREMENT FINANCING.

HA 8 - THIS AMENDMENT EXEMPTS INITIATION FEES AND DUES PAID TO NONPROFIT 501(c)(7) GROUPS FROM SALES TAXES.

HA 9 - THIS AMENDMENT MODIFIES PROVISIONS RELATING TO THE PROPERTY TAX TREATMENT OF RELIEVER AIRPORTS.

HA 10 - THIS AMENDMENT PROHIBITS THE APPROPRIATION OR SPENDING OF PUBLIC MONEYS FOR THE CONSTRUCTION, MAINTENANCE, PROMOTION, OR OPERATION OF A PROFESSIONAL SPORTS STADIUM OF FACILITY. THE PROVISIONS OF THIS AMENDMENT SHALL BECOME EFFECTIVE UPON THE ADOPTION OF SUBSTANTIALLY SIMILAR PROVISIONS BY CERTAIN OTHER STATES.

HA 11 - THIS AMENDMENT PROVIDES THAT ANY TAXPAYER PROVIDING FALSE OR MISLEADING INFORMATION RESULTING IN THE AWARD OF A TAX CREDIT SHALL HAVE SUCH TAX CREDIT SUBJECT TO RECAPTURE AND SHALL BE INELIGIBLE TO RECEIVE ANY FURTHER TAX CREDITS UNDER SUCH TAX CREDIT PROGRAM FOR A PERIOD OF TEN YEARS.

HA 12 - THIS AMENDMENT CREATES A TAX DEDUCTION IN AN AMOUNT UP TO $150 FOR THE COST OF UP TO EIGHT HOURS OF FIREARM TRAINING COMPLETED DURING THE TAX YEAR.

HA 13 - THIS AMENDMENT PROVIDES THAT SELLERS WITHOUT A PHYSICAL PRESENCE IN THIS STATE SHALL BE LIABLE FOR COLLECTING AND REMITTING SALES TAX TO THE STATE IF THE SELLER HAS EITHER AT LEAST $100,000 DOLLARS IN GROSS REVENUE FROM SALES IN THIS STATE OR AT LEAST TWO HUNDRED OR MORE SEPARATE TRANSACTIONS IN THE STATE.