Missouri Revised Statutes













Chapter 94

Taxation in Other Cities

←94.1011

Section 94.1012.1

94.1013→

August 28, 2015

Economic development sales tax (Poplar Bluff)--ballot language--rate of tax--revenue from tax deposited in the local economic development sales tax fund.

94.1012. 1. The governing body of any city of the third classification

with more than sixteen thousand six hundred but fewer than sixteen thousand

seven hundred inhabitants may impose, by ordinance or order, an economic

development sales tax on all retail sales which are subject to taxation

pursuant to the provisions of sections 144.010 to 144.525 for the purpose of

funding economic development. For the purposes of this section, the term

"economic development" shall mean funding any economic development project

approved by the voters, including a transportation corporation, as defined in

sections 238.300 to 238.367. The tax authorized by this section shall be in

addition to any and all other sales taxes allowed by law. The ordinance or

order shall become effective after the governing body of the city shall submit

to the voters of that city a proposal to authorize the tax.



2. The ballot of submission shall contain, but need not be limited to,

the following language:



Shall the city of .......... (name of city) impose a sales tax of

.......... (insert rate) for the purpose of funding economic development in

order to fund a .......... (description of economic development project to be

approved); provided that, the sales tax shall terminate upon the payment of

all bonds issued to complete the .......... (description of economic

development project to be approved)? There is no guarantee of any state

funding.



[ ] YES [ ] NO





If you are in favor of the question, place an "X" in the box opposite "YES".

If you are opposed to the question, place an "X" in the box opposite "NO".





If a majority of the votes cast on the proposal by the qualified voters voting

thereon are in favor of the proposal, then the ordinance or order shall be in

effect beginning the first day of the second calendar quarter following its

adoption or a later date if authorized by the governing body. If the

governing body has not authorized the initial collection of the tax pursuant

to such ordinance or order within three years after the date of the passage of

the proposal, authorization for the governing body to impose such tax shall

expire. If a majority of the votes cast by the qualified voters voting are

opposed to the proposal, then the governing body of the city shall have no

power to impose the sales tax authorized in this section unless and until the

governing body of the city shall again have submitted another such proposal

and the proposal is approved by the requisite majority of the qualified voters

voting thereon. However, in no event shall a proposal pursuant to this

section be submitted to the voters sooner than twelve months from the date of

the last proposal submitted pursuant to this section.



3. After the effective date of any tax imposed pursuant to the

provisions of this section, the director of revenue shall perform all

functions incident to the administration, collection, enforcement and

operation of the tax in the same manner as provided in sections 94.500 to

94.550, and the director of revenue shall collect in addition to the sales tax

for the state of Missouri the additional tax authorized pursuant to the

authority of this section. The tax imposed pursuant to this section and the

tax imposed pursuant to the sales tax law of the state of Missouri shall be

collected together and reported upon such forms and pursuant to such

administrative rules and regulations as may be prescribed by the director of

revenue. Except as modified in this section, all provisions of sections

32.085 and 32.087 shall apply to the tax imposed pursuant to this section.



4. The economic development sales tax may be approved at a rate of

one-half of one percent of the receipts from the sale at retail of all

tangible personal property and taxable services at retail within any city

adopting such tax, if such property and services are subject to taxation by

the state of Missouri pursuant to the provisions of sections 144.010 to

144.525.



5. All revenue generated from the tax authorized pursuant to the

provisions of this section, less one percent for the cost of collection which

shall be deposited in the general revenue fund, shall be deposited into the

"Local Economic Development Sales Tax Fund", which is hereby created in the

state treasury. The fund moneys shall be distributed to the city from which

the revenue was generated for the sole purpose of funding economic

development, as that term is defined in this section. The tax authorized by

this section shall terminate as approved by the voters.



(L. 2005 S.B. 176)



Effective 2-01-05







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