MO HB336

Establishes a refundable tax credit program for applicants (certified sponsors, endorsing municipalities, or local organizing committees) that host qualifying sporting events in Missouri.

Eligible costs include event preparation and conduct expenses and pledged obligations to site selection organizations, but exclude facility construction/rehabilitation and direct payments to for-profit organizations.

Tax credit equals the lesser of 100% of eligible costs or 50% of the increase in sales tax revenues directly attributable to the sporting event within the defined market area.

Limits tax credits to $10 million per fiscal year statewide, with a maximum of $8 million available annually for events in cities outside counties with populations exceeding 300,000.

Requires Department of Economic Development certification of support contracts within 60 days and restricts certification to events where site selection had not yet occurred as of August 28, 2014, with all certifications ending by August 28, 2020.