Missouri House approves bill to reduce historic tax credit, ban stadium funding

The Missouri House on Wednesday approved a bill that originally sought to modify tax credits tied to amateur sporting events but has been loaded with additional amendments that address a whole host of issues, including the state’s historic tax credit program and spending on sports stadiums.

The bill, SB773, is viewed by some as a last-gasp effort to get tax items to the desk of Gov. Eric Greitens. However, it’s unclear whether the Senate will be able to address the bill before the legislature’s regular session ends Friday.

Among the highlights of the bill:

  • Historic tax credits would be limited to $90 million per year, down from the current $140 million.
  • The use of the state’s general-revenue funds on any type of sports stadium would be banned.
  • Homeowners who use home-sharing services like Airbnb would be required to pay local tourism taxes that hotels pay.

Read more: St. Louis Public Radio

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