MO SB703

Increases the maximum transient guest tax on hotel and motel sleeping rooms from 5 percent to 7 percent per occupied room per night.

Applies to counties and cities meeting specified population requirements that have voter approval to impose the tax.

Requires tax proceeds to be used solely for funding a convention and visitors bureau that is a general not-for-profit organization established to promote the city or county as a convention, visitor, and tourist center.

Specifies that in certain third classification counties with specific population ranges, "transient guests" means persons occupying a hotel or motel room for 90 days or less during any calendar quarter.

Requires the tax to be stated separately from all other charges and taxes and to be in addition to the sleeping room charge and any other taxes imposed by law.