MO HB369

Allows applicants (certified sponsors, municipalities, or local organizing committees) to submit support contracts for amateur sporting events to the Missouri Department of Economic Development for certification.

Authorizes a refundable tax credit equal to the lesser of 100% of eligible costs or $5 per admission ticket sold, with a maximum of $3 million in credits issued per fiscal year.

Permits taxpayers making eligible donations (cash, stocks, bonds, or real estate) to certified sponsors or local organizing committees to claim a tax credit equal to 50% of the donation amount, capped at $10 million per fiscal year.

Eligible costs include event conduct, preparation costs, and pledged obligations to site selection organizations (NCAA, USOC, USGA, USTA, ASA, and other amateur sports organizations), but exclude facility construction or rehabilitation.

Program automatically sunsets on September 1, 2019, unless reauthorized by the general assembly; if reauthorized, sunsets 12 years after reauthorization.