HCS/SCS/SBs 632 & 675 - This act modifies several provisions relating to taxation.PUBLIC FUNDS FOR SPORTS STADIUMS
This act prohibits the expenditure or appropriation by the state of general revenue funds for the construction, maintenance, promotion, or operation of a professional sports stadium or facility, as described in the act.
This act also prohibits political subdivisions from expending or appropriating public funds for the construction, maintenance, promotion, or operation of a professional sports stadium or facility, as described in the act.
These provisions shall become effective upon adoption of a substantially similar measure by twenty-nine other states. (Section 33.543)
This provision is identical to HB 1445 (2018), and is substantially similar to HB 352 (2017) and HB 2485 (2016).
AMATEUR SPORTING EVENT TAX CREDIT
This act modifies several provisions related to tax credits for amateur sporting events.
The definition of "eligible costs" is modified to include bid fees and financial guarantees pledged to a site selection organization. The definition of "site selection organization" is also modified to include several additional organizations, as described in the act.
Currently, an applicant is required to submit eligible costs and documentation to the Department of Economic Development no more than thirty days following the conclusion of the sporting event. This act changes such deadline to ninety days. Documented eligible costs paid may be paid either by the applicant or an entity co-hosting the event with the applicant.
This act requires, rather than allows, the Department of Economic Development to determine the total number of tickets sold to the event, or, if such event is participant-based with no admission tickets, the total number of paid participant registrations.
This act also requires, rather than allows, the Department to issue a tax credit pursuant to the provisions of the program. For the purposes of calculating the amount of the tax credit, an applicant shall be allowed $10 for every paid participant registration if the event is participant-based with no paid admission tickets.
The aggregate amount of tax credits issued under this program is limited to $3 million per fiscal year. This act implements a fiscal year cap of $2.7M for all events located in Jackson or St. Louis Counties or St. Louis City.
Collegiate football bowls and other neutral-site games with at least one out-of-state team shall be exempt from the competitive bid requirements of the program.
Currently the Department is prohibited from accepting applications for this tax credit program after August 28, 2019. This act extends the program until August 28, 2024. (Section 67.3000)
This act also extends the sunset for a tax credit for contributions to a local organizing committee or certified sponsor from August 28, 2019, to August 28, 2024. (Section 67.3005)
This provision is substantially similar to HB 1438 (2018) and to a provision contained in SS/SCS/HCS/HB 1388 (2018) and CCS/HCS/SB 773 (2018).
PUBLIC SAFETY OFFICER SURVIVING SPOUSE TAX CREDIT
This act reauthorizes the Public Safety Officer Surviving Spouse tax credit until December 31, 2024. (Section 135.090)
This provision is substantially similar to a provision contained in SS/HB 655 (2017).
CHAMPION FOR CHILDREN TAX CREDIT
The Champion for Children Tax Credit is currently scheduled to expire on December 31, 2019. This act reauthorizes the credit until December 31, 2024.
This act also modifies the definition of "child advocacy centers" to include associations based in the state, affiliated with a national association, and organized to provide support to certain regional child assessment centers.
This act also increases the cap on the aggregate amount of tax credits that may be authorized from $1M to $1.5M for all fiscal years beginning on or after July 1, 2019.
This act also provides that such tax credits shall not be transferrable. (Section 135.341)
This provision is substantially similar to SB 675 (2018) and to a provision contained in HCS/HBs 1288, 1377, & HB 2050 (2018).
RESIDENTIAL RENOVATIONS FOR DISABILITY TAX CREDIT
This act reauthorizes the Residential Renovations for Disability tax credit until December 31, 2024. (Section 135.562)
This provision is substantially similar to a provision contained in SS/HB 655 (2017).
MATERNITY HOMES TAX CREDIT
This act reauthorizes a tax credit for contributions made to maternity homes until June 30, 2024.
The act also modifies the definition of "maternity homes" to require that a maternity home provide services at no cost to clients, and that it not perform, induce, or refer for abortions.
The carry-forward provision for tax credits that exceed a taxpayer's tax liability is shortened from four years to one year. Tax credits shall not be assigned, transferred, or sold.
For all fiscal years beginning on or after July 1, 2019, this act increases the amount of tax credits that may be authorized under this program from $2.5 million to $3.5 million. (Section 135.600)
This provision is substantially similar to a provision contained in HCS/HBs 1288, 1377, & HB 2050 (2018), and is similar to a provision contained in SB 15 (2017).
DIAPER BANK TAX CREDIT
For all fiscal years beginning on or after July 1, 2019, this act authorizes a tax credit in the amount of fifty percent of a contribution to a diaper bank, as defined in the act. The tax credit shall not be refundable or transferrable, but may be carried forward to the subsequent tax year. A tax credit shall not be issued for a contribution of less than $100. No tax credit shall be issued in excess of $50,000, and the total amount of tax credits issued under this act shall not exceed $500,000 in a given fiscal year. If the amount of tax credits authorized in a fiscal year is less than $500,000, the unauthorized amount shall be added to the amount that may be authorized in the next fiscal year.
The Department of Social Services shall establish a procedure by which the Department can ensure that the aggregate amount of tax credits authorized are equally apportioned among all entities classified as diaper banks. If a diaper bank fails to use all of its apportioned tax credits, the Department may reapportion such unused tax credits to diaper banks that have used all of their allotment, as described in the act.
The Department shall annually determine which facilities in the state may be classified as a diaper bank, and the Department shall establish a procedure by which a taxpayer can determine if an entity has been classified as a diaper bank.
This program shall sunset on December 31, 2024, unless reauthorized by the General Assembly. (Section 135.621)
This act also modifies the definition of "domestic and social tax credits" for the purposes of the Tax Credit Accountability Act to include the diaper bank tax credit established under this act. (Section 135.800)
This provision is identical to SCS/SB 1015 (2018), HCB 12 (2018), and to a provision contained in SS#2/SCS/HCS/HBs 1288, 1377, & 2050 (2018), and is substantially similar to HB 2613 (2018) and HB 2440 (2018).
PREGNANCY RESOURCE CENTER TAX CREDIT
This act reauthorizes a tax credit for contributions made to pregnancy resource centers until December 31, 2024.
Tax credits shall not be assigned, transferred, or sold.
For all fiscal years beginning on or after July 1, 2019, this act increases the amount of tax credits that may be authorized under this program from $2.5 million to $3.5 million. (Section 135.630)
This provision is substantially similar to a provision contained in SS#2/SCS/HCS/HBs 1288, 1377, & 2050 (2018), and is similar to a provision contained in SB 15 (2017).
DONATED FOOD TAX CREDIT
This act reauthorizes the Donated Food tax credit until December 31, 2024. Additionally, this act expands such tax credit to include food or cash donated to local soup kitchens or local homeless shelters, as defined in the act, in the taxpayer's area of residence. (Section 135.647)
This provision is substantially similar to HB 2389 (2018), SB 804 (2018), and SCS/SB 217 (2017), and to a provision contained in SS#2/SCS/HCS/HBs 1288, 1377, & 2050 (2018).
TAX CREDIT FOR UNMET NEEDS OF CHILDREN
This act provides a tax credit for any taxpayer who makes a contribution to an eligible provider. Eligible providers shall be organizations that provide funding for the unmet health, hunger, and hygiene needs of children in school. The tax credit shall be in an amount of fifty percent of the value of the contribution.
An eligible provider may submit an application for the tax credit to the Department of Social Services on behalf of a taxpayer, as described in the act.
The tax credits issued under this act shall be transferable and nonrefundable, but may be carried forward to any of the taxpayer's four subsequent taxable years.
This provision shall sunset six years after the effective date of this act unless reauthorized by the General Assembly. (Section 135.1125)
This provision is identical to SB 631 (2018) and SB 517 (2017), and to a provision contained in SS#2/SCS/HCS/HBs 1288, 1377, & 2050 (2018), and is similar to SB 948 (2016) and HB 428 (2015).
SALES TAX EXEMPTIONS
This act exempts nonprofit organizations exempt from taxation under Section 501(c)(7) of the Internal Revenue Code of 1986 from sales and use taxes on charges for initiation fees or dues.
This act is identical to SS/SB 1003 (2018), HB 2501 (2018), SCS/SB 80 (2017), and to a provision contained in HB 1831 (2018), SS#2/SCS/SBs 617, 611, & 667 (2018), SCS/HB 245 (2017), and HCS/SB 332 (2017), and is similar to HB 276 (2017), HB 328 (2017), and HB 833 (2017).
JOSHUA NORBERG