HB 363 -- Nonresident Entertainer and Professional Athlete Income
Tax Distribution

Sponsor:  Silvey

Currently, the Missouri Arts Council Trust Fund receives, in
addition to its annual budget, 60% of the annual estimate of
taxes generated from the nonresident entertainer and professional
athletic team income tax.  However, no more than $10 million can
be appropriated to the council in any fiscal year.  This bill
reduces the amount the trust fund receives to 50% of the
estimated revenues received from the tax and removes the
council's appropriation cap.

For fiscal years 2010 to 2017, the bill requires the greater of
$2 million or 10% of the annual estimate of revenue generated by
the tax to be annually transferred from the General Revenue Fund
to the newly created Missouri Juneteenth Heritage and Jazz
Festival and Memorial Fund for the Missouri Juneteenth Heritage
and Jazz Festival and Memorial to be celebrated in St. Louis
City, St. Louis County, and Kansas City.  Any moneys in the fund
at the end of the biennium will not revert to the General Revenue
Fund.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:24 am