313.630. Admissions tax--state aid to municipalities and counties for certain services and facilities, source, amount available. - Missouri Statutes

Admissions tax--state aid to municipalities and counties for certainservices and facilities, source, amount available.

313.630. In lieu of any state or local sales tax on the grossreceipts from admissions paid by persons attending the races and in lieu ofany state or local amusement or entertainment tax, there is hereby imposedon each organization licensed to conduct horse races under the provisionsof sections 313.510 to 313.710 a tax equal to ten percent of all moneysreceived each day from admissions paid by persons attending the races fordeposit in the state treasury to the credit of the general revenue fund.The general assembly shall appropriate money from general revenue, up toone-half of the amount credited annually pursuant to this section, tomunicipalities and counties in the area in which races are conducted toassist the funding of services and facilities required by the conduct ofracing in such municipality or county. Any county or municipal racingauthority shall be subject to the rules and regulations of the commission.

(L. 1986 S.B. 572, A.L. 1995 H.B. 574)