HCS HB 536 Keathley, Ben Perfected
HCS HB 536 -- SPECIAL TAXING DISTRICTS (Keathley)
COMMITTEE OF ORIGIN: Special Committee on Tax Reform
This bill requires that if the governing body of a municipality wishes to establish a sales tax by way of a proposed community improvement district, the ordinance must be approved by a two-thirds vote of the governing body.
The bill specifies that if a political subdivision submits a tax proposal for a new or increased tax authorized under a specific statute and it does not pass, the proposal cannot be submitted again for two years following the rejection.
A political subdivision may, however, resubmit a previously rejected tax proposal sooner than two years if the new proposal has one of the following "substantial changes":
(1) A reduction equal to or greater than 25% of the rate of tax imposed by the previously rejected proposal; or
(2) A dedicated fund other than the dedicated fund stated in the previously rejected proposal.
Any ordinance or petition approved under these provisions that establishes a district that is funded by a sales tax is required to pass by at least a two-thirds majority vote.
This bill exempts non-profit entities pursuant to 26 U.S.C. Section 501(c) from any property tax or special assessment that might be levied by a taxing district.
This bill excludes from the definition of "video service" a video service provider that provides content that is accessed via streaming.
This bill further requires that any project proposals from a transportation development district be submitted to the Missouri Highways and Transportation Commission, or to the local transportation authority, as applicable, for approval prior to the construction or funding of any project. The Missouri Highways and Transportation Commission, or the local transportation authority, as applicable, must approve the project by a two-thirds majority if the proposed project is to be funded by a sales tax.