Summary of the Perfected Version of the Bill

HB 1504 -- SALES TAXES (Richardson)

COMMITTEE OF ORIGIN: Committee on General Laws

This bill allows, upon approval of the voters of the county with

the largest population within a metropolitan park and recreation

district and at least one other county in the district, the

governing body of any county located within the metropolitan

district as of January 1, 2012, to impose by ordinance an

incremental sales tax of up to three-sixteenths of one cent on

all retail sales subject to taxation for the purpose of funding

the operation and maintenance of the district. The bill

specifies how the sales tax must be collected and allocated. Any

increase in the tax requires the governing body of any county

within the metropolitan district to submit it to the approval of

the voters of the county. No bonds, notes, or obligations issued

to fund the specified activities can be secured by tax revenues

specifically allocated. Any contract for capital improvement or

maintenance activities of the Gateway Arch grounds with tax

revenues requires the concurrent approval of the metropolitan

district, the public entity owning or controlling the real

property being improved or maintained, and the public or not-for-profit entities directly providing supplemental funding for the

contract. All capital improvements or maintenance activities

must be constructed and performed in accordance with a

comprehensive capital improvements program agreement approved by

the metropolitan district. At a general election occurring not

less than six months before the expiration of 20 years after the

issuance of any bonds issued for the purpose of improving and

maintaining the Gateway Arch grounds, but no later than 23 years

after the effective date of the incremental sales tax authorized

by these provisions, the governing body of any county within the

metropolitan district whose voters approved the incremental tax

must submit to its voters a proposal to reauthorize the tax.

The bill extends, from December 31, 2013, to December 31, 2023,

the expiration of the provisions regarding the exemption on the

sale of aviation jet fuel from any state and local sales and use

tax.

The bill adds Pemiscot County to the list of counties authorized

to impose, upon voter approval, a sales tax of up to one-half of

one cent for the purposes of operating and maintaining public

libraries within the library district.

The provisions of the bill regarding the sales tax in a metropolitan park and recreation district contain an emergency

clause.

FISCAL NOTE: Estimated Net Cost on General Revenue Fund of $0 in FY 2013, More than $100,000 in FY 2014, and More than $100,000 in

FY 2015. Estimated Net Income on Other State Funds of $0 in FY

2013, More than $100,000 in FY 2014, and More than $100,000 in FY

2015.

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