Missouri Revised Statutes
Chapter 620
Department of Economic Development
←620.466
Section 620.467.1
620.470→
August 28, 2015
Division of tourism supplemental revenue fund created--use of fund--lapse to general revenue prohibited--funding--effective and expiration dates.
620.467. 1. The state treasurer shall annually deposit an amount
prescribed in this section out of the general revenue fund pursuant to
section 144.700, in a fund hereby created in the state treasury, to be
known as the "Division of Tourism Supplemental Revenue Fund". The state
treasurer shall administer the fund, and the moneys in such fund, except
the appropriate percentage of any refund made of taxes collected under the
provisions of chapter 144, shall be used solely by the division of tourism
of the department of economic development to carry out the duties and
functions of the division as prescribed by law. Moneys deposited in the
division of tourism supplemental revenue fund shall be in addition to a
budget base in each fiscal year. For fiscal year 1994, such budget base
shall be six million two hundred thousand dollars, and in each succeeding
fiscal year the budget base shall be the prior fiscal year's general
revenue base plus any additional appropriations made to the division of
tourism, including one hundred percent of the prior fiscal year's deposits
made to the division of tourism supplemental revenue fund pursuant to this
section. The general revenue base shall decrease by ten percent in each
fiscal year following fiscal year 1994. Notwithstanding the provisions of
section 33.080 to the contrary, moneys in the division of tourism
supplemental revenue fund at the end of any biennium shall not be deposited
to the credit of the general revenue fund.
2. In fiscal years 1995 to 2020, a portion of general revenue
determined pursuant to this subsection shall be deposited to the credit of
the division of tourism supplemental revenue fund pursuant to subsection 1
of this section. The director of revenue shall determine the amount
deposited to the credit of the division of tourism supplemental revenue
fund in each fiscal year by computing the previous year's total
appropriation into the division of tourism supplemental revenue fund and
adding to such appropriation amount the total amount derived from the
retail sale of tourist-oriented goods and services collected pursuant to
the following sales taxes: state sales taxes; sales taxes collected
pursuant to sections 144.010 to 144.430 that are designated as local tax
revenue to be deposited in the school district trust fund pursuant to
section 144.701; sales taxes collected pursuant to Section 43(a) of Article
IV of the Missouri Constitution; and sales taxes collected pursuant to
Section 47(a) of Article IV of the Missouri Constitution. If the increase
in such sales taxes derived from the retail sale of tourist-oriented goods
and services in the fiscal year three years prior to the fiscal year in
which each deposit shall be made is at least three percent over such sales
taxes derived from the retail sale of tourist-oriented goods and services
generated in the fiscal year four years prior to the fiscal year in which
each deposit shall be made, an amount equal to one-half of such sales taxes
generated above a three percent increase shall be calculated by the
director of revenue and the amount calculated shall be deposited by the
state treasurer to the credit of the division of tourism supplemental
revenue fund.
3. Total deposits in the supplemental revenue fund in any fiscal year
pursuant to subsections 1 and 2 of this section shall not exceed the amount
deposited into the division of tourism supplemental revenue fund in the
fiscal year immediately preceding the current fiscal year by more than
three million dollars.
4. As used in this section, "sales of tourism-oriented goods and
services" are those sales by businesses registered with the department of
revenue under the following SIC Codes:
(1) SIC Code 5811;
(2) SIC Code 5812;
(3) SIC Code 5813;
(4) SIC Code 7010;
(5) SIC Code 7020;
(6) SIC Code 7030;
(7) SIC Code 7033;
(8) SIC Code 7041;
(9) SIC Code 7920;
(10) SIC Code 7940;
(11) SIC Code 7990;
(12) SIC Code 7991;
(13) SIC Code 7992;
(14) SIC Code 7996;
(15) SIC Code 7998;
(16) SIC Code 7999; and
(17) SIC Code 8420.
5. Prior to each appropriation from the division of tourism
supplemental revenue fund, the division of tourism shall present to the
committee on tourism, recreational and cultural affairs of the house of
representatives and to the transportation and tourism committee of the
senate, or their successors, a promotional marketing strategy including,
but not limited to, targeted markets, duration of market plans, ensuing
market strategies, and the actual and estimated investment return, if any,
resulting therefrom.
6. This section shall become effective July 1, 1994. This section
shall expire June 30, 2020.
(L. 1993 H.B. 188 §§ 1, A, A.L. 1994 S.B. 534, A.L. 1998 H.B. 1620,
A.L. 2002 H.B. 1041, A.L. 2007 H.B. 205 merged with S.B. 376,
A.L. 2013 H.B. 316)
Expires 6-30-20
2007
2002
1998
2007
620.467. 1. The state treasurer shall annually deposit an amount
prescribed in this section out of the general revenue fund pursuant to
section 144.700, in a fund hereby created in the state treasury, to be known
as the "Division of Tourism Supplemental Revenue Fund". The state treasurer
shall administer the fund, and the moneys in such fund, except the
appropriate percentage of any refund made of taxes collected under the
provisions of chapter 144, shall be used solely by the division of tourism of
the department of economic development to carry out the duties and functions
of the division as prescribed by law. Moneys deposited in the division of
tourism supplemental revenue fund shall be in addition to a budget base in
each fiscal year. For fiscal year 1994, such budget base shall be six million
two hundred thousand dollars, and in each succeeding fiscal year the budget
base shall be the prior fiscal year's general revenue base plus any
additional appropriations made to the division of tourism, including one
hundred percent of the prior fiscal year's deposits made to the division of
tourism supplemental revenue fund pursuant to this section. The general
revenue base shall decrease by ten percent in each fiscal year following
fiscal year 1994. Notwithstanding the provisions of section 33.080 to the
contrary, moneys in the division of tourism supplemental revenue fund at the
end of any biennium shall not be deposited to the credit of the general
revenue fund.
2. In fiscal years 1995 to 2015, a portion of general revenue determined
pursuant to this subsection shall be deposited to the credit of the division
of tourism supplemental revenue fund pursuant to subsection 1 of this section.
The director of revenue shall determine the amount deposited to the credit
of the division of tourism supplemental revenue fund in each fiscal year by
computing the previous year's total appropriation into the division of tourism
supplemental revenue fund and adding to such appropriation amount the total
amount derived from the retail sale of tourist-oriented goods and services
collected pursuant to the following sales taxes: state sales taxes; sales
taxes collected pursuant to sections 144.010 to 144.430 that are designated as
local tax revenue to be deposited in the school district trust fund pursuant
to section 144.701; sales taxes collected pursuant to section 43(a) of
article IV of the Missouri Constitution; and sales taxes collected pursuant to
section 47(a) of article IV of the Missouri Constitution. If the increase in
such sales taxes derived from the retail sale of tourist-oriented goods and
services in the fiscal year three years prior to the fiscal year in which each
deposit shall be made is at least three percent over such sales taxes derived
from the retail sale of tourist-oriented goods and services generated in the
fiscal year four years prior to the fiscal year in which each deposit shall be
made, an amount equal to one-half of such sales taxes generated above a three
percent increase shall be calculated by the director of revenue and the
amount calculated shall be deposited by the state treasurer to the credit of
the division of tourism supplemental revenue fund.
3. Total deposits in the supplemental revenue fund in any fiscal year
pursuant to subsections 1 and 2 of this section shall not exceed the amount
deposited into the division of tourism supplemental revenue fund in the fiscal
year immediately preceding the current fiscal year by more than three million
dollars.
4. As used in this section, "sales of tourism-oriented goods and
services" are those sales by businesses registered with the department of
revenue under the following SIC Codes:
(1) SIC Code 5811;
(2) SIC Code 5812;
(3) SIC Code 5813;
(4) SIC Code 7010;
(5) SIC Code 7020;
(6) SIC Code 7030;
(7) SIC Code 7033;
(8) SIC Code 7041;
(9) SIC Code 7920;
(10) SIC Code 7940;
(11) SIC Code 7990;
(12) SIC Code 7991;
(13) SIC Code 7992;
(14) SIC Code 7996;
(15) SIC Code 7998;
(16) SIC Code 7999; and
(17) SIC Code 8420.
5. Prior to each appropriation from the division of tourism supplemental
revenue fund, the division of tourism shall present to the committee on
tourism, recreational and cultural affairs of the house of representatives
and to the transportation and tourism committee of the senate, or their
successors, a promotional marketing strategy including, but not limited to,
targeted markets, duration of market plans, ensuing market strategies, and
the actual and estimated investment return, if any, resulting therefrom.
6. This section shall become effective July 1, 1994. This section shall
expire June 30, 2015.
2002
620.467. 1. The state treasurer shall annually deposit an amount
prescribed in this section out of the general revenue fund pursuant to
section 144.700, RSMo, in a fund hereby created in the state treasury, to
be known as the "Division of Tourism Supplemental Revenue Fund". The state
treasurer shall administer the fund, and the moneys in such fund, except
the appropriate percentage of any refund made of taxes collected under the
provisions of chapter 144, RSMo, shall be used solely by the division of
tourism of the department of economic development to carry out the duties
and functions of the division as prescribed by law. Moneys deposited in
the division of tourism supplemental revenue fund shall be in addition to a
budget base in each fiscal year. For fiscal year 1994, such budget base
shall be six million two hundred thousand dollars, and in each succeeding
fiscal year the budget base shall be the prior fiscal year's general
revenue base plus any additional appropriations made to the division of
tourism, including one hundred percent of the prior fiscal year's deposits
made to the division of tourism supplemental revenue fund pursuant to this
section. The general revenue base shall decrease by ten percent in each
fiscal year following fiscal year 1994. Notwithstanding the provisions of
section 33.080, RSMo, to the contrary, moneys in the division of tourism
supplemental revenue fund at the end of any biennium shall not be deposited
to the credit of the general revenue fund.
2. In fiscal years 1995 to 2010, a portion of general revenue
determined pursuant to this subsection shall be deposited to the credit of
the division of tourism supplemental revenue fund pursuant to subsection 1
of this section. The director of revenue shall determine the amount
deposited to the credit of the division of tourism supplemental revenue
fund in each fiscal year by computing the previous year's total
appropriation into the division of tourism supplemental revenue fund and
adding to such appropriation amount the total amount derived from the
retail sale of tourist-oriented goods and services collected pursuant to
the following sales taxes: state sales taxes; sales taxes collected
pursuant to sections 144.010 to 144.430, RSMo, that are designated as local
tax revenue to be deposited in the school district trust fund pursuant to
section 144.701, RSMo; sales taxes collected pursuant to section 43(a) of
article IV of the Missouri Constitution; and sales taxes collected pursuant
to section 47(a) of article IV of the Missouri Constitution. If the
increase in such sales taxes derived from the retail sale of
tourist-oriented goods and services in the fiscal year three years prior to
the fiscal year in which each deposit shall be made is at least three
percent over such sales taxes derived from the retail sale of
tourist-oriented goods and services generated in the fiscal year four years
prior to the fiscal year in which each deposit shall be made, an amount
equal to one-half of such sales taxes generated above a three percent
increase shall be calculated by the director of revenue and the amount
calculated shall be deposited by the state treasurer to the credit of the
division of tourism supplemental revenue fund.
3. Total deposits in the supplemental revenue fund in any fiscal year
pursuant to subsections 1 and 2 of this section shall not exceed the amount
deposited into the division of tourism supplemental revenue fund in the
fiscal year immediately preceding the current fiscal year by more than
three million dollars.
4. As used in this section, "sales of tourism-oriented goods and
services" are those sales by businesses registered with the department of
revenue under the following SIC Codes:
(1) SIC Code 5811;
(2) SIC Code 5812;
(3) SIC Code 5813;
(4) SIC Code 7010;
(5) SIC Code 7020;
(6) SIC Code 7030;
(7) SIC Code 7033;
(8) SIC Code 7041;
(9) SIC Code 7920;
(10) SIC Code 7940;
(11) SIC Code 7990;
(12) SIC Code 7991;
(13) SIC Code 7992;
(14) SIC Code 7996;
(15) SIC Code 7998;
(16) SIC Code 7999; and
(17) SIC Code 8420.
5. Prior to each appropriation from the division of tourism
supplemental revenue fund, the division of tourism shall present to the
committee on tourism, recreational and cultural affairs of the house of
representatives and to the transportation and tourism committee of the
senate, or their successors, a promotional marketing strategy including,
but not limited to, targeted markets, duration of market plans, ensuing
market strategies, and the actual and estimated investment return, if any,
resulting therefrom.
6. This section shall become effective July 1, 1994. This section
shall expire June 30, 2010.
1998
620.467. 1. The state treasurer shall annually transfer an amount
prescribed in this section out of the general revenue fund pursuant to
section 144.700, RSMo, in a fund hereby created in the state treasury, to
be known as the "Division of Tourism Supplemental Revenue Fund". The state
treasurer shall administer the fund, and the moneys in such fund, except
the appropriate percentage of any refund made of taxes collected under the
provisions of chapter 144, RSMo, shall be used solely by the division of
tourism of the department of economic development to carry out the duties
and functions of the division as prescribed by law. Moneys transferred to
the division of tourism supplemental revenue fund shall be in addition to a
budget base in each fiscal year. For fiscal year 1994, such budget base
shall be six million two hundred thousand dollars, and in each succeeding
fiscal year the budget base shall be the prior fiscal year's general
revenue base plus any additional appropriations made to the division of
tourism, including one hundred percent of the prior fiscal year's transfers
made to the division of tourism supplemental revenue fund pursuant to this
section. The general revenue base shall decrease by ten percent in each
fiscal year following fiscal year 1994. Notwithstanding the provisions of
section 33.080, RSMo, to the contrary, moneys in the division of tourism
supplemental revenue fund at the end of any biennium shall not be
transferred to the credit of the general revenue fund.
2. In fiscal years 1995 to 2010, a portion of general revenue
determined pursuant to this subsection, shall be transferred to the credit
of the division of tourism supplemental revenue fund pursuant to subsection
1 of this section. The director of revenue shall determine the amount
transferred to the credit of the division of tourism supplemental revenue
fund in each fiscal year by computing the previous year's total
appropriation into the division of tourism supplemental revenue fund and
adding to such appropriation amount the total amount derived from the
retail sale of tourist-oriented goods and services collected pursuant to
the following sales taxes: state sales taxes; sales taxes collected
pursuant to sections 144.010 to 144.430, RSMo, that are designated as local
tax revenue to be deposited in the school district trust fund pursuant to
section 144.701, RSMo; sales taxes collected pursuant to section 43(a) of
article IV of the Missouri Constitution; and sales taxes collected pursuant
to section 47(a) of article IV of the Missouri Constitution. If the
increase in such sales taxes derived from the retail sale of
tourist-oriented goods and services in the fiscal year three years prior to
the fiscal year in which each transfer shall be made is at least three
percent over such sales taxes derived from the retail sale of
tourist-oriented goods and services generated in the fiscal year four years
prior to the fiscal year in which each transfer shall be made, an amount
equal to one-half of such sales taxes generated above a three percent
increase shall be calculated by the director of revenue and the amount
calculated shall be transferred by the state treasurer to the credit of the
division of tourism supplemental revenue fund.
3. Total transfers to the supplemental revenue fund in any fiscal
year pursuant to subsections 1 and 2 of this section shall not exceed the
amount transferred into the division of tourism supplemental revenue fund
in the fiscal year immediately preceding the current fiscal year by more
than three million dollars.
4. As used in this section, "sales of tourism-oriented goods and
services", are those sales by businesses registered with the department of
revenue under the following SIC Codes:
(1) SIC Code 5811;
(2) SIC Code 5812;
(3) SIC Code 5813;
(4) SIC Code 7010;
(5) SIC Code 7020;
(6) SIC Code 7030;
(7) SIC Code 7033;
(8) SIC Code 7041;
(9) SIC Code 7920;
(10) SIC Code 7940;
(11) SIC Code 7990;
(12) SIC Code 7991;
(13) SIC Code 7992;
(14) SIC Code 7996;
(15) SIC Code 7998;
(16) SIC Code 7999; and
(17) SIC Code 8420.
5. Prior to each appropriation from the division of tourism
supplemental revenue fund, the division of tourism shall present to the
committee on tourism, recreational and cultural affairs of the house of
representatives and to the transportation and tourism committee of the
senate, or their successors, a promotional marketing strategy including,
but not limited to, targeted markets, duration of market plans, ensuing
market strategies, and the actual and estimated investment return, if any,
resulting therefrom.
6. This section shall become effective July 1, 1994. This section
shall expire June 30, 2010.
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