MO SB468

Allows hospital boards in cities of the third class to abolish property taxes for hospital operations and impose a local sales tax of up to 1 percent with voter approval by two-thirds majority.

Sales tax applies to all retail sales subject to state sales tax plus metered water services, electricity, gas, wood, coal, and home heating oil for domestic use only.

Creates special trust funds ("City of the Third Class City Hospital Sales Tax Fund," "County Hospital Sales Tax Fund," and "Hospital District Sales Tax Fund") to hold collected revenue, with 1 percent of collections deposited to the state's general revenue fund for administrative costs.

Allows voters to repeal the sales tax by majority vote at any available election date, with repeal effective December 31 of the approval year; also permits ballot repeal upon petition signed by at least 10 percent of registered voters.

Extends similar sales tax authorization to county hospitals and hospital districts, with language clarifying that sales tax levies approved before January 1, 2012 comply with statutory requirements.