The bill proposes the repeal of sections 67.990 and 67.993 of the Revised Statutes of Missouri and enacts two new sections that modify the provisions related to the senior citizens' services fund taxes. Notably, the maximum tax rate that can be levied by counties or cities for providing services to individuals aged sixty and older is increased from five cents to ten cents per one hundred dollars of assessed valuation. The bill also establishes a "Senior Citizens' Services Fund" where the collected tax proceeds will be deposited, and outlines the governance structure for the fund, including the appointment of a board of directors responsible for managing the funds and programs aimed at improving the quality of life for senior citizens. Additionally, the bill introduces new requirements for the accreditation of the board of directors overseeing the fund. This accreditation must be obtained through a statewide nonprofit organization dedicated to the well-being of older adults and is subject to annual renewal. The board is required to pay an annual fee equal to one percent of the revenues derived from the tax imposed under section 67.990. Furthermore, the state will recognize this accreditation as best-practice training to ensure transparency and proper administration of taxpayer funds. New provisions also specify that boards established after December 31, 2015, must attain this accreditation, while those established before that date may choose to do so.

Statutes affected:
Introduced (5797H.01): 67.990, 67.993