CCS/SCS/HCS/HB 139 - This act modifies several provisions relating to taxation.

This act exempts property which is in storage from use tax. The purchase of any federally mandated broadcast equipment is exempt from sales taxes.

Any city or county having more than 350 hotel and motel rooms inside such city or county and Hickory County are authorized impose a hotel/motel tax of not more than five percent on all charges for sleeping rooms used by transient guests. The proceeds from this tax will be used solely for the promotion of tourism or the funding of a convention and visitors bureau. The tax is subject to a popular vote.

Greene and Christian counties are authorized to submit a sales tax of up to one fourth of one percent to the voters for the purpose of water treatment facilities.

This act also authorizes Platte County to impose a hotel/motel tax for tourism up to one quarter of one percent. This tax may be imposed in addition to other tourism taxes.

A small business may take a tax credit for the amount of the guaranty fee paid when obtaining Small Business Administration guaranteed financing or United States Department of Agriculture financing for development of a farm service business.

This act has an emergency clause.
ELIZABETH BAX