HB 1290 -- ST. LOUIS TRANSPORTATION SALES TAX

SPONSOR:  Auer

COMMITTEE ACTION:  Voted "do pass" by the Committee on Municipal
Corporations by a vote of 13 to 4.

This bill removes the expiration date of December 31, 2001, for
the transportation sales tax adopted under Sections 94.600 to
94.655, RSMo, in the City of St. Louis.

FISCAL NOTE:  Estimated Net Income to the General Revenue Fund
of $0 in FY 2001, $654,480 in FY 2002, and $1,308,960 in FY 2003.

PROPONENTS:  Supporters say that the biennial legislative re--
authorization of the transportation sales tax creates
uncertainties in the capital markets which could affect Bi-State
Development Corporation's ability to develop alternative
financing sources.  Removing the expiration date would allow Bi--
State Development Corporation to develop long range planning for
creative financing and transportation projects.

Testifying for the bill were Representative Auer; Bi-State
Development Corporation; Bank of America; A.G. Edwards & Sons;
City of St. Louis; and St. Louis Regional Commerce and Growth
Association.

OPPONENTS:  There was no opposition voiced to the committee.

Joseph Deering, Legislative Analyst

HB 1290 -- St. Louis Transportation Sales Tax

Sponsor:  Auer

This bill removes the expiration date of December 31, 2001, for
the transportation sales tax adopted under Sections 94.600 to
94.655, RSMo, in the City of St. Louis.