94.815. Tourism tax trust fund, established--distribution--infrastructure account, established--debt retirement account, established--tourism promotion account, established (Branson).
Tourism tax trust fund, established--distribution--infrastructureaccount, established--debt retirement account, established--tourismpromotion account, established (Branson).
94.815. 1. All taxes authorized and collected under sections 94.800to 94.825 shall be deposited by the municipality in a special trust fund tobe known as the "Tourism Tax Trust Fund". The moneys in such tourism taxtrust fund shall not be commingled with any funds of the municipality.
2. Except as provided in subsection 3 of this section, seventy-fivepercent of the taxes collected shall be deposited in an "InfrastructureAccount" within the tourism tax trust fund and shall be used, uponappropriation by the municipality, solely for the purpose of constructingand maintaining infrastructure improvements, to include sidewalks, streets,highways, roads, waterworks, wastewater including distribution andcollection systems and solid waste disposal facilities, the costs of whichmay be funded by issuing bonds which may be retired by revenues receivedfrom tourism taxes imposed pursuant to sections 94.802 and 94.805 or theretirement of debt under previously voter-approved bonded indebtedness andthe costs of operation and maintenance of such infrastructure improvements.
3. Notwithstanding the provisions of subsection 2 of this section, ifany outstanding bonds have been issued or indebtedness has been incurredprior to or after September 15, 1997, for the purpose of constructing andmaintaining infrastructure improvements, including sidewalks, streets,highways, roads, waterworks, wastewater including distribution andcollection systems and solid waste disposal facilities, then a portion ofthe seventy-five percent of the collected taxes to be deposited in theinfrastructure account pursuant to subsection 2 of this section shallinstead be deposited in a "Debt Retirement Account" within the tourism taxtrust fund. The portion of the seventy-five percent of collected taxes tobe deposited in the debt retirement account and the administration of suchaccount shall be pursuant to section 94.820.
4. Twenty-five percent of the taxes collected shall be deposited intoa "Tourism Promotion Account" within the tourism tax trust fund and shallbe used, upon appropriation by the municipality, for tourism marketing andpromotional purposes.
5. The tourism taxes authorized by sections 94.802 and 94.805 shallbe in addition to any and all other taxes allowed by law, but no ordinanceimposing a tax under sections 94.802 and 94.805 shall be effective unlessthe governing body of the municipality submits to the voters of themunicipality at an election permitted pursuant to section 115.123, RSMo, aproposal to authorize the governing body of the municipality to impose suchtax and, if such tax is to be used to retire bonds authorized under thissection, to authorize such bonds and their retirement by such tax or chargeor to authorize the retirement of debt under previously voter-approvedbonded indebtedness.
(L. 1993 H.B. 345 § 6, A.L. 1997 2d Ex. Sess. H.B. 3)Effective 9-15-97