MO HB905

Imposes a 0.5% sales tax on gross receipts from tickets sold for admission to all professional and amateur sporting events in Missouri, effective January 1, 2014

Creates the "Youth Sports Program Fund" in the state treasury consisting of revenue from the sporting event ticket tax, capped at $10 million in annual disbursements

Directs the Department of Economic Development to establish application procedures and distribute funds to counties, cities, towns, or other political subdivisions, with individual programs limited to 20% of total fund balance unless extraordinary cause is demonstrated

Prioritizes funding for areas with high crime rates, defined as counties in the top 25% statewide for overall crime according to the state highway patrol uniform crime reporting program

Allows the state treasurer to invest fund moneys and credit earned interest to the fund, with unexpended balances not reverting to general revenue at the end of each biennium