MO SB1551

Authorizes third classification cities operating under a city manager form of government to impose a transient guest tax on lodging establishments (hotels, motels, bed and breakfasts) and short-term rental facilities (houses, condominiums, campground cabins)

Tax rate capped at 5% per occupied sleeping room per night or per rental term, applying to guests staying 31 days or less during any calendar quarter

Tax proceeds must be used solely for tourism promotion, including marketing, events, and constructing and maintaining tourism facilities

Requires voter approval through a ballot measure before the tax can take effect; if approved, tax becomes effective on the first day of the second calendar quarter following the election

Cities may collect the tax internally or enter an agreement with the Missouri Director of Revenue for collection, with the state retaining up to 1% for collection costs; tax may be repealed by voter referendum after any initial bonds are satisfied