HB 1244, HCA 1 -- NONRESIDENT ATHLETES AND ENTERTAINERS

CO-SPONSORS:  Riback-Wilson, Bray, Bland

COMMITTEE ACTION  Voted "do pass" by the Committee on Ways and
Means by a vote of 22 to 2.

Under current law, 50% of the revenues generated from the state
income tax on nonresident athletes and entertainers, as
estimated by the Commissioner of Administration, is earmarked to
the Missouri Arts Council Trust Fund until the year 2004.  This
bill increases the percentage to 60% and extends the earmarking
to the year 2008.

In addition, the bill earmarks each year the remaining estimated
revenue from this tax in 4 equal amounts until the year 2008 to
the Missouri Humanities Council Trust Fund, the Missouri State
Library Networking Fund, the Missouri Public Television Fund and
certain public radio stations qualified by the Corporation for
Public Broadcasting, and the Missouri Historical Preservation
Revolving Fund.

HCA 1 -- clarifies that the term "registered" means "registered
as a corporation."

FISCAL NOTE:  Net Loss to General Revenue Fund of $0 in FY 1999,
$4,754,800 in FY 2000, $4,992,540 in FY 2001.

PROPONENTS:  Supporters say that this bill will allow the
organizations to self-fund themselves in the future and not rely
on state general revenue funds.

Testifying for the bill was Representative Riback-Wilson

OPPONENTS:  There was no opposition voiced to the committee.

Bill Tucker, Assistant Director of Research

HB 1244 -- State Income Tax Revenues

Sponsor:  Wilson, Bray

Under current law, 50% of the revenues generated from the state
income tax on nonresident athletes and entertainers, as
estimated by the Commissioner of Administration, is earmarked to
the Missouri Arts Council Trust Fund until the year 2004.  This
bill increases the percentage to 60% and extends the earmarking
to the year 2008.

In addition, the bill earmarks each year the remaining estimated
revenue from this tax in 4 equal amounts until the year 2008 to
the Missouri Humanities Council Trust Fund, the Missouri State
Library Networking Fund, the Missouri Public Television Fund and
certain public radio stations qualified by the Corporation for
Public Broadcasting, and the Missouri Historical Preservation
Revolving Fund.