Section 67.1505

Title VI COUNTY, TOWNSHIP AND POLITICAL SUBDIVISION GOVERNMENT

Chapter 67

Effective - 28 Aug 2025, see footnote   

  67.1505.  Entertainment tourism, expenditure of funds by state departments — procedure, report. — 1.  As used in this section, the following terms mean:

  (1)  "Entertainment tourism", activities, services, and experiences designed for leisure and enjoyment centered on athletic, recreational, and cultural events, attractions, and enrichment, sponsored by any public or private entity, the provision and enhancement of public safety and the provision of financial assistance to attract sporting events, recreational, entertainment, or other meeting activities, either professional or amateur, commercial or private;

  (2)  "State department", the office of administration and each department created under Article IV, Section 12 of the Constitution of Missouri, excluding the statewide elected officials listed in such section.

  2.  The state of Missouri hereby acknowledges the vital role entertainment tourism plays in fostering the state's economic growth, providing substantial revenue, creating jobs, and enhancing the state's cultural and social vitality.

  3.  (1)  Each state department may, upon such terms and with reasonable consideration as such state departments may determine, expend funds for the purpose of promoting, developing, and supporting entertainment tourism within any district designated as an entertainment district under section 67.1421 and for which application is made and approved by the department of economic development no later than August 28, 2027.

  (2)  Any annual expenditure by a state department for entertainment tourism shall be limited to a portion of tax revenues derived directly or indirectly from any such promotion, development, and support of entertainment tourism supported by such annual expenditure within such designated entertainment district, as stated in an agreement entered into between the district and the state department, subject to the following:

  (a)  The term of state appropriations under any such agreement shall not exceed twenty-seven years;

  (b)  The annual amount of the state appropriations authorized under this section shall not exceed two million five hundred thousand dollars per year for any fiscal year ending on or before June 30, 2031, and four million five hundred thousand dollars per year for any fiscal year thereafter.  No such appropriation shall be made prior to July 1, 2026;

  (c)  Any such promotion, development, and support of entertainment tourism shall be determined to produce a positive net fiscal impact for the state over the term of such agreement, with such public or private assurances as the director of the department of economic development may reasonably require; and

  (d)  The director of the department of economic development shall make an annual written report on behalf of such department to the governor and the general assembly within ninety days of the end of each fiscal year detailing whether such promotion, development, and support of entertainment tourism produced a positive net fiscal impact for the state in the prior fiscal year and projecting the overall net fiscal impact to the state over the term of such agreement.

­­--------

(L. 2025 H.B. 199)