MO SB916

Permits cities of third classification with population between 3,500 and 3,600 inhabitants to impose a transient guest tax of up to 3 percent per occupied room per night on hotel and motel charges.

Tax revenue must be used solely for construction, maintenance, and repair of a multipurpose conference and convention center.

Tax becomes effective on the first day of the second calendar quarter following voter approval by majority vote; voter approval is required before any tax can be imposed.

All revenue is collected by the city collector of revenue, deposited in a special trust fund, and designated funds may be invested with interest credited back to the fund.

Governing body may submit repeal of the tax to voters, or must submit repeal if a petition is signed by at least 2 percent of registered voters from the last gubernatorial election; repeal becomes effective December 31st if approved by majority vote.

Defines "transient guests" as persons occupying a hotel or motel room for 31 days or less during any calendar quarter.