MO HB223

Establishes a refundable tax credit for applicants (certified sponsors, municipalities, counties, or local organizing committees) who host amateur or Olympic sporting events in Missouri.

Tax credit equals 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.

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

Annual tax credit cap of $10 million statewide, with $8 million reserved for events in less populous areas (cities not in counties or counties with fewer than 300,000 residents).

Allows taxpayers making eligible donations (cash, stocks, bonds, real estate) to receive a 50% income tax credit against state taxes, with credits transferable and subject to a $10 million annual cap under section 67.3005.