MO HB1786

Creates a refundable tax credit program for applicants (sports commissions, convention bureaus, municipalities, or counties) that host eligible sporting events and conventions in Missouri.

Eligible events include NCAA championships, Olympic events, USGA amateur events, Davis Cup tennis, World Cup soccer, AAU championships, and other major national/international sporting events approved by the department.

Tax credit equals the lesser of 100% of eligible costs or 90% of sales tax revenues directly attributable to the event within the designated market area.

Annual tax credit cap is $10 million total, with 75% reserved for sporting games and 25% reserved for other eligible events.

Eligible costs include event preparation and conduct expenses plus pledged obligations to site selection organizations, but exclude facility acquisition, rehabilitation, or construction costs.