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EXPLANATION-Matter enclosed in bold-faced brackets [thus] in this bill is not enacted
and is intended to be omitted in the law.
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:
Section A. Section 620.467, RSMo, is repealed and one new 1
section enacted in lieu thereof, to be known as section 620.467, 2
to read as follows:3
620.467. 1. [The state treasurer shall annually 1
deposit an amount prescribed in this section out of the 2
general revenue fund pursuant to section 144.700, in a fund] 3
There is hereby created in the state treasury a fund, to be 4
known as the "Division of Tourism Supplemental Revenue 5
Fund", which shall consist of all moneys appropriated to it 6
by the general assembly, and also any gifts, contributions, 7
grants, or bequests received from federal, private, or other 8
sources. The state treasurer shall administer the fund, and 9
the moneys in such fund[, except the appropriate percentage 10
of any refund made of taxes collected under the provisions 11
of chapter 144,] shall be used solely by the division of 12
tourism of the department of economic development to carry 13
out the duties and functions of the division as prescribed 14
by law. [Moneys deposited in the division of tourism 15
supplemental revenue fund shall be in addition to a budget 16
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base in each fiscal year. For fiscal year 1994, such budget 17
base shall be six million two hundred thousand dollars, and 18
in each succeeding fiscal year the budget base shall be the 19
prior fiscal year's general revenue base plus any additional 20
appropriations made to the division of tourism, including 21
one hundred percent of the prior fiscal year's deposits made 22
to the division of tourism supplemental revenue fund 23
pursuant to this section. The general revenue base shall 24
decrease by ten percent in each fiscal year following fiscal 25
year 1994.] Notwithstanding the provisions of section 26
33.080 to the contrary, moneys in the division of tourism 27
supplemental revenue fund at the end of any biennium shall 28
not be deposited to the credit of the general revenue fund. 29
2. [In fiscal years 1995 to 2020, a portion of general 30
revenue determined pursuant to this subsection shall be 31
deposited to the credit of the division of tourism 32
supplemental revenue fund pursuant to subsection 1 of this 33
section. The director of revenue shall determine the amount 34
deposited to the credit of the division of tourism 35
supplemental revenue fund in each fiscal year by computing 36
the previous year's total appropriation into the division of 37
tourism supplemental revenue fund and adding to such 38
appropriation amount the total amount derived from the 39
retail sale of tourist-oriented goods and services collected 40
pursuant to the following sales taxes: state sales taxes; 41
sales taxes collected pursuant to sections 144.010 to 42
144.430 that are designated as local tax revenue to be 43
deposited in the school district trust fund pursuant to 44
section 144.701; sales taxes collected pursuant to Section 45
43(a) of Article IV of the Missouri Constitution; and sales 46
taxes collected pursuant to Section 47(a) of Article IV of 47
the Missouri Constitution. If the increase in such sales 48
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taxes derived from the retail sale of tourist-oriented goods 49
and services in the fiscal year three years prior to the 50
fiscal year in which each deposit shall be made is at least 51
three percent over such sales taxes derived from the retail 52
sale of tourist-oriented goods and services generated in the 53
fiscal year four years prior to the fiscal year in which 54
each deposit shall be made, an amount equal to one-half of 55
such sales taxes generated above a three percent increase 56
shall be calculated by the director of revenue and the 57
amount calculated shall be deposited by the state treasurer 58
to the credit of the division of tourism supplemental 59
revenue fund. 60
3. Total deposits in the supplemental revenue fund in 61
any fiscal year pursuant to subsections 1 and 2 of this 62
section shall not exceed the amount deposited into the 63
division of tourism supplemental revenue fund in the fiscal 64
year immediately preceding the current fiscal year by more 65
than three million dollars. 66
4. As used in this section, "sales of tourism-oriented 67
goods and services" are those sales by businesses registered 68
with the department of revenue under the following SIC Codes: 69
(1) SIC Code 5811; 70
(2) SIC Code 5812; 71
(3) SIC Code 5813; 72
(4) SIC Code 7010; 73
(5) SIC Code 7020; 74
(6) SIC Code 7030; 75
(7) SIC Code 7033; 76
(8) SIC Code 7041; 77
(9) SIC Code 7920; 78
(10) SIC Code 7940; 79
(11) SIC Code 7990; 80
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(12) SIC Code 7991; 81
(13) SIC Code 7992; 82
(14) SIC Code 7996; 83
(15) SIC Code 7998; 84
(16) SIC Code 7999; and 85
(17) SIC Code 8420. 86
5.] Prior to each appropriation from the division of 87
tourism supplemental revenue fund, the division of tourism 88
shall present to the special committee on tourism[, 89
recreational and cultural affairs] of the house of 90
representatives and to the [transportation and tourism] 91
economic and workforce development committee of the senate, 92
or their successors, a promotional marketing strategy 93
including, but not limited to, targeted markets, duration of 94
market plans, ensuing market strategies, and the actual and 95
estimated investment return, if any, resulting therefrom. 96
[6. This section shall become effective July 1, 1994. 97
This section shall expire June 30, 2020.] 98
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