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SECOND REGULAR SESSION
[TRULY AGREED TO AND FINALLY PASSED]
SENATE SUBSTITUTE FOR
SENATE BILL NO. 1000
103RD GENERAL ASSEMBLY
2026
4322S.02T
AN ACT
To repeal section 620.467, RSMo, and to enact in lieu thereof one new section relating to the
division of tourism supplemental revenue fund.
Be it enacted by the General Assembly of the State of Missouri, as follows:
1 Section A. Section 620.467, RSMo, is repealed and one new
2 section enacted in lieu thereof, to be known as section 620.467,
3 to read as follows:
1 620.467. 1. [The state treasurer shall annually
2 deposit an amount prescribed in this section out of the
3 general revenue fund pursuant to section 144.700, in a fund]
4 There is hereby created in the state treasury a fund, to be
5 known as the "Division of Tourism Supplemental Revenue
6 Fund", which shall consist of all moneys appropriated to it
7 by the general assembly, and also any gifts, contributions,
8 grants, or bequests received from federal, private, or other
9 sources. The state treasurer shall administer the fund, and
10 the moneys in such fund[, except the appropriate percentage
11 of any refund made of taxes collected under the provisions
12 of chapter 144,] shall be used solely by the division of
13 tourism of the department of economic development to carry
14 out the duties and functions of the division as prescribed
15 by law. [Moneys deposited in the division of tourism
16 supplemental revenue fund shall be in addition to a budget
EXPLANATION-Matter enclosed in bold-faced brackets [thus] in this bill is not enacted
and is intended to be omitted in the law.
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17 base in each fiscal year. For fiscal year 1994, such budget
18 base shall be six million two hundred thousand dollars, and
19 in each succeeding fiscal year the budget base shall be the
20 prior fiscal year's general revenue base plus any additional
21 appropriations made to the division of tourism, including
22 one hundred percent of the prior fiscal year's deposits made
23 to the division of tourism supplemental revenue fund
24 pursuant to this section. The general revenue base shall
25 decrease by ten percent in each fiscal year following fiscal
26 year 1994.] Notwithstanding the provisions of section
27 33.080 to the contrary, moneys in the division of tourism
28 supplemental revenue fund at the end of any biennium shall
29 not be deposited to the credit of the general revenue fund.
30 2. [In fiscal years 1995 to 2020, a portion of general
31 revenue determined pursuant to this subsection shall be
32 deposited to the credit of the division of tourism
33 supplemental revenue fund pursuant to subsection 1 of this
34 section. The director of revenue shall determine the amount
35 deposited to the credit of the division of tourism
36 supplemental revenue fund in each fiscal year by computing
37 the previous year's total appropriation into the division of
38 tourism supplemental revenue fund and adding to such
39 appropriation amount the total amount derived from the
40 retail sale of tourist-oriented goods and services collected
41 pursuant to the following sales taxes: state sales taxes;
42 sales taxes collected pursuant to sections 144.010 to
43 144.430 that are designated as local tax revenue to be
44 deposited in the school district trust fund pursuant to
45 section 144.701; sales taxes collected pursuant to Section
46 43(a) of Article IV of the Missouri Constitution; and sales
47 taxes collected pursuant to Section 47(a) of Article IV of
48 the Missouri Constitution. If the increase in such sales
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49 taxes derived from the retail sale of tourist-oriented goods
50 and services in the fiscal year three years prior to the
51 fiscal year in which each deposit shall be made is at least
52 three percent over such sales taxes derived from the retail
53 sale of tourist-oriented goods and services generated in the
54 fiscal year four years prior to the fiscal year in which
55 each deposit shall be made, an amount equal to one-half of
56 such sales taxes generated above a three percent increase
57 shall be calculated by the director of revenue and the
58 amount calculated shall be deposited by the state treasurer
59 to the credit of the division of tourism supplemental
60 revenue fund.
61 3. Total deposits in the supplemental revenue fund in
62 any fiscal year pursuant to subsections 1 and 2 of this
63 section shall not exceed the amount deposited into the
64 division of tourism supplemental revenue fund in the fiscal
65 year immediately preceding the current fiscal year by more
66 than three million dollars.
67 4. As used in this section, "sales of tourism-oriented
68 goods and services" are those sales by businesses registered
69 with the department of revenue under the following SIC Codes:
70 (1) SIC Code 5811;
71 (2) SIC Code 5812;
72 (3) SIC Code 5813;
73 (4) SIC Code 7010;
74 (5) SIC Code 7020;
75 (6) SIC Code 7030;
76 (7) SIC Code 7033;
77 (8) SIC Code 7041;
78 (9) SIC Code 7920;
79 (10) SIC Code 7940;
80 (11) SIC Code 7990;
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81 (12) SIC Code 7991;
82 (13) SIC Code 7992;
83 (14) SIC Code 7996;
84 (15) SIC Code 7998;
85 (16) SIC Code 7999; and
86 (17) SIC Code 8420.
87 5.] Prior to each appropriation from the division of
88 tourism supplemental revenue fund, the division of tourism
89 shall present to the special committee on tourism[,
90 recreational and cultural affairs] of the house of
91 representatives and to the [transportation and tourism]
92 economic and workforce development committee of the senate,
93 or their successors, a promotional marketing strategy
94 including, but not limited to, targeted markets, duration of
95 market plans, ensuing market strategies, and the actual and
96 estimated investment return, if any, resulting therefrom.
97 [6. This section shall become effective July 1, 1994.
98 This section shall expire June 30, 2020.]
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