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MO HB768

Bill

Official Source

Status

Introduced

1/29/2015

Primary Sponsor

Sue Allen

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Establishes a minimum distribution guarantee effective January 1, 2016, ensuring no city, town, or village in Group B receives less than 50% of the sales taxes generated within its boundaries
  • Requires the Director of Revenue to identify municipalities that would fall below the 50% threshold before any distribution, calculate the shortfall, and adjust payments accordingly
  • Applies the 50% floor calculation to municipalities that are partly in Group A and partly in Group B by considering all county sales taxes generated within the municipality regardless of which group
  • Maintains the existing distribution formula structure where Group A municipalities (those with pre-existing city sales taxes) receive point-of-sale distributions while Group B municipalities share remaining revenues based on population ratios
  • Repeals and replaces Section 66.620 RSMo governing the County Sales Tax Trust Fund distribution for St. Louis County

Legislative Description

Modifies provisions relating to the St. Louis County pool tax formula

Last Action

Public Hearing Completed (H)

2/24/2015

Committee Referrals

Local Government2/10/2015

Full Bill Text

No bill text available