MO HB1370

Establishes tax credits for applicants (certified sponsors, municipalities, counties, or local organizing committees) that host amateur sporting events selected by site selection organizations like NCAA, NAIA, USOC, USGA, and USTA.

Allows refundable tax credits equal to the lesser of 100% of eligible costs or $5 multiplied by average per-session admission tickets sold and registered participants multiplied by event duration in days.

Authorizes a 50% tax credit against state income taxes for taxpayers making eligible donations (cash, publicly traded stocks and bonds, or real estate) to certified sponsors or local organizing committees that support sporting events.

Caps total tax credits at $10 million per fiscal year, with no more than $8 million available for events in cities outside counties or in counties with over 300,000 residents.

Requires support contracts to be certified by the Department of Economic Development by August 28, 2018, for sporting events where site selection had not occurred as of August 28, 2012; program sunsets six years after enactment unless reauthorized.