MO HB2447

School districts may impose a sales tax of up to one cent (in one-eighth cent increments) on retail sales within the district, solely for educational purposes.

Tax requires voter approval through a ballot measure at a general, primary, or special election; becomes effective on the first day of the second calendar quarter after the director of revenue is notified of adoption.

Revenue collected goes into a special "School District Sales Tax Fund" with one percent retained for collection costs; funds are distributed monthly to the school district and may be deposited in teachers', incidental, or capital projects funds per board discretion.

Tax automatically terminates after no more than three years unless sooner abolished by the school board; districts may resubmit a proposal no sooner than one year after termination.

Revenue from the tax is excluded from state aid calculations under section 163.031.