MO SB25

Establishes two tax credit programs for sporting events: Section 67.3000 provides refundable tax credits to event organizers based on eligible costs or $5 per admission ticket (whichever is less), capped at $3 million per fiscal year.

Section 67.3005 allows taxpayers who make eligible donations to sporting event organizations to claim a 50% tax credit against state income taxes, capped at $10 million per fiscal year, with unused credits transferable to subsequent four years.

Eligible applicants include certified nonprofit sponsors, local organizing committees, endorsing municipalities, and endorsing counties that work with site selection organizations (NCAA, USOC, USGA, USTA, and other major sports organizations).

Support contracts must be certified by the Missouri Department of Economic Development within 60 days of submission, with the department determining ticket sales within 7 days after event conclusion and issuing tax credits within 60 days of receiving eligible cost documentation.

Program automatically sunsets 6 years after August 28, 2013 unless reauthorized by the legislature, with support contracts only certifiable before August 28, 2018 (though events may occur after that date).