Missouri would route electricity tax revenue to air pollution work

Beginning July 1, 2027, the state treasurer would transfer five percent of estimated sales and use taxes from electric power distribution into the air pollution permit fees account. The commissioner of administration would estimate state sales and use taxes from electric power distribution using taxable sales reports. The treasurer would transfer five percent of that estimate. The General Assembly must approve spending the money. The department could use it only for the air pollution control program. The transferred money would not go back to the general fund at the end of a two-year budget period. The first estimate and transfer would be due July 1, 2027, and each July 1 after that, based on taxes from the prior calendar year.

Unspent money above the prior two-year period’s collections in the Natural Resources Protection Fund accounts would not go to the general fund. This applies to unspent balances in Natural Resources Protection Fund accounts that exceed collections during the preceding two-year budget period. The rule would begin July 1, 2027, and apply to balances at the end of each two-year budget period.