Question 3 - License Tax Repeal and Replacement

Shall the City of Springfield, Missouri: • Repeal the existing five percent license tax (which includes a minimum license tax of $5.00 per monthly license) imposed on the business of renting, leasing, or letting living quarters, sleeping accommodations, rooms, or a part thereof, in connection with any hotel, motel or tourist court, of which two and one-half percent will end upon the repayment of debt issued for the Jordan Valley park projects; and • Replace it with a five percent license tax, to be effective on July 1, 2023, imposed on the business of renting, leasing, or letting living quarters, sleeping accommodations, rooms, or a part thereof, in connection with any hotel, motel, tourist court, or short-term rental, derived from or paid by transient guests for sleeping accommodations, and to be allocated as follows for the benefit of the local economy: • Forty-seven percent of tax proceeds used to promote travel and tourism, • Four and one-half percent of tax proceeds used to attract and host sporting events, • Four and one-half percent of tax proceeds used to support the arts and cultural tourism, and • The balance of tax proceeds used to pay debt service for bonds issued under the prior license tax and to fund capital improvements, including by issuing and paying debt service for bonds, to attract travel and tourism?