MO SB947

Authorizes counties of the first classification with 260,000 to 300,000 inhabitants (or cities within such counties) to impose a sales tax up to one quarter of one percent (0.25%) for early childhood education programs, subject to voter approval at a general election.

Tax revenue collected by the Department of Revenue is deposited in an "Early Childhood Education Sales Tax Trust Fund" with one percent retained for collection costs; funds must be used solely for designated early childhood education purposes.

Applies all applicable provisions of Missouri's state sales tax law (sections 144.010 to 144.525) to administration, collection, and enforcement, including the same permits, exemptions, discounts, and penalties.

Tax becomes effective on the first day of the second calendar quarter after the director of revenue receives notice of adoption if approved by a majority of voters; repeal requires voter approval and becomes effective December 31st of the approval year.

Revenue must be administered by an existing community task force selected by the governing body and expended only upon task force approval and in accordance with a county or city-approved budget.