HCS/SS/SCS/SB 269 - This act requires the Department of Revenue to annually estimate the amount of revenue collected from the athletes and entertainers tax . Once collected, the revenue from such tax will be deposited in the "Nonresident Entertainer and Athlete Fund", which is created by this act. For fiscal year 2007 and each fiscal year thereafter, an annual allocation of eighteen percent of the available amount of the total annual estimate of revenue derived from the tax shall be made to the Missouri Arts Council Trust Fund.
For fiscal year 2007 and each fiscal year thereafter, annual allocations of six percent of the available amount of the total annual estimate of revenue derived from the tax will be made to the Missouri Cultural and Arts Trust Fund which is created by this act. Subject to appropriation, monies in the Missouri Cultural and Arts Trust Fund will be allocated as follows: twelve and a half percent to the St. Louis Black Repertory Theatre; twelve and a half percent to the Negro League Baseball Museum in Kansas City. The remaining seventy-five percent will be allocated equally among: the Juneteenth Heritage and Jazz Festival Foundation; The Better Family Life Cultural Center and Museum; The Black World Museum; The Harambee Institute; The Portfolio Gallery and Educational Center; The Bruce Watkins Cultural Heritage Center and Museum; The Museum of Black Inventors; The Black Archives of Mid-America; The American Jazz Museum; The Gem Cultural and Educational Center; The W.E.B Dubois Learning Center; The Carr Square Tenant Corporation; The Reel Images Film and Video Group; The Mutual Musicians Foundation, Inc.; and the Mid City Excellence Community Learn Center.
For fiscal year 2007 and each subsequent fiscal year, four percent of the available amount of the annual estimate of taxes generated by the non-resident entertainers and athletes tax will be allocated to the Missouri Humanities Council Trust Fund. Four percent of the available amount of the annual estimate of taxes generated by the non-resident entertainers and athletes tax will be allocated to the secretary of state for distribution to public libraries for acquisition of library materials. Four percent of the available amount of the annual estimate of taxes generated by the non-resident entertainers and athletes tax will be allocated to the Missouri Public Television Broadcasting Corporation Special Fund.
Four percent of the available amount of the total annual estimate of revenue will be placed into a subaccount, known as the Missouri sports authority subaccount, within the nonresident entertainer and athlete fund. The funds in the Missouri sports authority subaccount will be allocated, conditioned upon local matching of the funds, as follows: 1) twenty-two percent of to the Springfield Sports Commission; 2) sixteen percent to the Joplin Sports Authority; 3) eight percent to the Branson Sports Authority; 4) twenty-three percent split equally between the St. Charles County Convention and Sports Facility and the St. Charles Family Arena Humanities Council Trust Fund; two percent to the Lake St. Louis Unlimited Play handicap accessible playground facility. For fiscal year 2007, the Joplin Sports Authorities allocation percentage will be supplanted by a four hundred thousand dollar grant from the subaccount with no local matching requirement.
The act further provides that for fiscal year 2007, and each subsequent fiscal year, the remaining sixty percent of the available amount of the total annual estimate of revenue derived from the tax will be distributed as follows: four percent to the Negro League Baseball Museum in Kansas City; five percent to the state school moneys fund; the Jackson County Sports authority, the city of St. Louis, the Edward Jones Dome and to each county commission in an amount proportionate to each entities contribution to the fund. Any distributions under this section to the Edward Jones Dome will be in lieu of any other appropriations the Dome would receive from General Revenue. Any funds remaining after the annual allocations have been made will revert to the credit of the general revenue fund.
For fiscal year 2007, all allocations provided under this act will be limited to twenty percent of the total annual estimate of revenue derived from the tax. For fiscal year 2008, all allocations provided under this act will be limited to forty percent of the total annual estimate of revenue derived from the tax. For fiscal year 2009, and each subsequent fiscal year, the allocations provided under this act will be made from one-hundred percent of the total annual estimate of revenue derived from the tax.
JASON ZAMKUS