MO SB10

Establishes two new tax credit programs under chapter 67, RSMo to attract amateur sporting events to Missouri through sections 67.3000 and 67.3005.

Section 67.3000 provides refundable tax credits to applicants equal to the lesser of 100% of eligible event costs or $5 per admission ticket sold, capped at $3 million per fiscal year.

Section 67.3005 allows taxpayers a non-refundable tax credit equal to 50% of eligible donations made to certified sports sponsors or local organizing committees, capped at $10 million per fiscal year.

Eligible applicants include nonprofit certified sponsors (National Association of Sports Commissions members), endorsing counties and municipalities, and local organizing committees bidding on amateur and Olympic sporting events from qualifying site selection organizations.

Both programs automatically sunset on August 28, 2019, with provision for reauthorization extending sunset to twelve years after reauthorization; sections terminate September 1 following the calendar year of program sunset.