The bill proposes to repeal the existing section 67.1000 of Missouri law and replace it with a new section that outlines the conditions under which certain cities and counties may impose a transient guest tax. This tax can be levied on charges for sleeping rooms paid by transient guests in hotels or motels, with a maximum rate of five percent per occupied room per night. However, for specific cities with populations between 39,600 and 39,700, the tax rate can be as high as seven percent. The implementation of this tax requires voter approval, and the proceeds must be used exclusively for funding a convention and visitors bureau aimed at promoting tourism. Additionally, the new section introduces provisions for cities with populations between 51,000 and 58,000, allowing them to increase the transient guest tax percentage, provided it does not exceed six percent. This increase also requires voter approval and must be stated separately from other charges. The bill specifies that the proceeds from any approved tax increase must be allocated for the construction and maintenance of new capital projects to promote tourism. Furthermore, it clarifies that cities or counties already imposing a transient guest tax under existing laws are not eligible to impose this new tax.

Statutes affected:
Introduced (4855H.02): 67.1000
Perfected (4855H.02): 67.1000