| SB 0277 | Modifies distribution of local excursion gambling boat taxes within St. Louis County |
| Sponsor: | Sims | |||
| LR Number: | 0721S.01I | Fiscal Note: | 0721-01 | |
| Committee: | Local Government and Economic Development | |||
| Last Action: | 01/29/01 - Second Read and Referred S Local Government & | Journal page: | S155 | |
| Economic Development Committee | ||||
| Title: | ||||
| Effective Date: | August 28, 2001 | |||
SB 277 - Current law imposes a 20% tax on adjusted gross receipts of gambling games on excursion gambling boats. The designated home dock city or county receives 10% percent of that tax money (i.e. 2% of adjusted gross receipts) "for use in providing services necessary for the safety of the public visiting an excursion gambling boat". Current law requires the Director of Revenue to distribute these local tax receipts to the designated home dock city or county, unless the home dock entity has entered into a sharing agreement with other cities or counties.
This act requires the Director of Revenue to distribute
local gambling tax receipts owed to St. Louis County, or any
municipality within St. Louis County, pursuant to the
distribution formulas currently applicable to St. Louis County
sales tax receipts. The act respects existing contractual
agreements for revenue sharing, but prohibits future contractual
agreements for revenue sharing within St. Louis County.
ALAN KELLY