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MO HB2380
Bill
Status
3/24/2010
Primary Sponsor
Leonard Hughes
Click for details
AI Summary
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Repeals and reenacts section 144.030 of Missouri Revised Statutes concerning sales tax exemptions.
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Adds new subdivision (39) exempting all purchases by sports complex authorities created under section 64.920, RSMo from sales tax.
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Exempts sales of utilities by sports complex authorities at the authority's cost that are ultimately consumed in operating a sports complex leased to a professional sports team affiliated with or franchised by the National Football League or Major League Baseball.
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Applies the utility sales exemption only to utilities sold at the authority's actual cost, limiting the tax break to pass-through utility charges rather than marked-up utility sales.
Legislative Description
Authorizes a state and local sales and use tax exemption for any sale of utilities at cost by a sports complex authority which is ultimately consumed in the operation of a complex leased to professional teams
Last Action
Referred: Local Government (H)
5/14/2010