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MO HB853
Bill
Status
3/14/2011
Primary Sponsor
Bob Nance
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AI Summary
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Allows cities of the third classification with 10,800-10,900 inhabitants located in more than one county to impose a sales tax of up to 1% on all retail sales subject to sales tax under chapter 144
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Tax revenue designated solely for construction, maintenance, operation, and equipping of a community center and retiring bonds issued for such purposes
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Requires voter approval through state general, primary, or special election before tax becomes effective; tax takes effect on first day of second calendar quarter after director of revenue receives notification
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Sales tax imposed for an initial 25-year period and may be extended with voter approval; cannot be terminated while any bonds issued under this section remain outstanding
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Establishes seven-member board including the mayor to administer the tax; one percent of collected revenue goes to state general revenue fund for collection costs, remainder deposited in special trust fund for designated purposes
Legislative Description
Authorizes the City of Excelsior Springs to impose, upon voter approval, a retail sales tax of up to 1% for the purpose of funding a community center and retiring any bonds issued for funding the center
Last Action
Referred: Local Government (H)
4/12/2011