Amateur sports credit legislation approved in Missouri
Carson City, Missouri: As reported in a recent State Legislative Tracker, the Missouri House of Representatives was considering a bill that would offer tax credits to organizations hosting amateur sporting events in the state. It seems that Speaker Tim Jones's (R) hope to have the bill on Governor Jay Nixon's desk prior to recess became a reality, as the legislation passed in the House on March 14. The bill, which originated in the Senate, offers a $5 tax credit for each ticket sold for an amateur sporting event with a limit of $3 million in tax credits annually. Event hosts and sponsors could then sell the tax credits for money to help subsidize the event. Lawmakers are hopeful that this legislation will help Missouri continue to attract events to the state and compete for them with states who already offered such incentives.
- Stltoday.com, "Amateur sports tax credit proposal advances in Missouri Legislature," accessed March 5, 2013
- Stltoday.com, "Missouri lawmakers ready to spend to keep big sports events," March 13, 2013 (dead link)
- ky3.com, "Missouri lawmakers pass incentives for amateur sports events such as NCAA tournaments," March 13, 2013 (dead link)