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SS/SCS/HCS/HB's 470 & 429 - Under current law, any person, venue, or entity that pays compensation to a nonresident entertainer or athlete in excess of three hundred dollars, must withhold two percent from such payment as prepayment of the nonresident entertainer and athlete tax. This act exempts not-for-profit entities that receive no benefit from a nonresident entertainer's appearance other than the entertainer's performance from such withholding requirement. Current allocations of tax revenues derived from the nonresident entertainer and athlete tax to the Missouri arts council trust fund, the Missouri state library networking fund, Missouri public television broadcasting corporation special fund, and the Missouri Department of Natural Resources Missouri historic preservation revolving fund are authorized to be made for all taxable years beginning on or after January 1, 1999, but ending on or before December 31, 2015. This act will allow such allocations perpetually. The provisions of this act are identical to those contained in the introduced versions of House Bill 470 (2011) and House Bill 429 (2011). JASON ZAMKUS
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