SB 42 - This act authorizes the City of St. Louis to: 1)increase its hotel tax by 3% over the 3.75% maximum; 2) impose a sales tax up to three percent on auto rentals in the city; 3)impose a parking tax of up to $1.00 in commercial lots and $.50 in parking garages; 4)increase its general sales tax by 0.75%; 5) designate two parks as state parks for maintenance purposes; and 6)increase the historic tax credit to 30%. This act also designates 10% of the street mileage within St. Louis to be state highways for maintenance purposes and eliminates St. Louis courts as the trial location when other courts in the state are more convenient. The act also phases out the 1% earnings tax, the business profit tax and the 0.5% payroll tax.
STEPHEN WITTE