SB 120 - Under the act, before June 30, 2026, any unexpended balance in the subaccounts of the Natural Resources Protection Fund exceeding the preceding biennium's collections shall revert to the general revenue fund at the end of each biennium.

Beginning July 1, 2026, any unexpended balance in the subaccounts of the Fund that exceeds the preceding biennium's collections shall not revert to the general revenue fund.

Beginning July 1, 2026, and annually on July 1st of each succeeding year, the Commissioner of Administration shall use taxable sales reports to estimate the amount of state general revenue sales and use tax derived from electric power distribution in the immediately preceding calendar year and shall report such amount to the state treasurer. The state treasurer shall transfer certain amounts from the general revenue sales as described in the act.

The act repeals certain provisions relating to the transfer of funds from the Missouri Air Emission Reduction Fund.

The act is identical to SB 1483 (2024).

JULIA SHEVELEVA

Statutes affected:
Introduced (0705S.01): 640.220, 643.350

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 120
Sponsor: Bean
Hearing Date: 2/6/2025


COMMITTEE: Agriculture, Food Production and Outdoor Resources

CHAIRMAN: Bean

DATE REFERRED: 1/23/2025 DATE HEARING REQUESTED: 1/27/2025



STAFF:
Kyle Aubuchon
Jackie Buschjost
Brogan Rumpf
Julia Sheveleva


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Ray McCarty - Associated Industries of Missouri
Dan Kleinsorge - Infra
Shannon Cooper - Mo Forest Products Assn.
Robert Brundage - MO Agri-Business Assn
Mark Rhodes - American Council Engineerung Companies
Aly Gratwood - Missouri Department Natural Resources
Randy Scheer - Mining Industry Council
Randy Scheer - Missouri Concrete Assn


WITNESSES AGAINST: