Modifies a tax credit relating to certain sporting events

This bill modifies Missouri's tax credit program designed to encourage the state to host amateur, collegiate, or Olympic sporting events. It establishes specific definitions for eligible entities, such as nonprofit organizations and local committees, and outlines which costs qualify for the credit, including event preparation and bid fees while excluding facility construction. The legislation creates a process where the Department of Economic Development reviews and certifies contracts between event organizers and site selection groups before issuing tax credits based on verified expenses and ticket sales. Ultimately, the bill aims to provide financial incentives to taxpayers who donate funds to support the attraction of major sporting competitions to Missouri.