MO HB824

Allows city of the third class hospitals to abolish property tax funding and impose up to 1 percent sales tax on retail sales and utility services (water, electricity, gas, heating oil) with two-thirds voter approval.

Allows counties with county hospitals to abolish property tax funding and impose up to 1 percent sales tax on retail sales and utility services with simple majority voter approval.

Allows hospital districts to abolish property tax funding and impose up to 1 percent sales tax on retail sales and utility services with simple majority voter approval.

Creates separate trust funds for each hospital entity to hold sales tax revenues, with 1 percent of collections going to the state general revenue fund for collection costs.

Permits voters to repeal the sales tax by majority vote or through petition signed by at least 10 percent of registered voters, with repeal effective December 31 of the approval year.