MO HB470

Defines "nonresident entertainer" as a person residing outside Missouri who performs vocal, instrumental, musical, comedy, dramatic, dance or other performances for compensation before a live audience, including independent contractors, partnerships, and corporations providing entertainment services.

Requires any person, venue, or entity paying compensation to a nonresident entertainer to withhold and remit 2% of compensation exceeding $300 to the director of revenue on a quarterly basis.

Exempts tax-exempt organizations under 26 U.S.C. Section 501(c)(3) from withholding requirements if they receive no benefit from the entertainer's appearance other than the performance itself.

Allocates 60% of estimated tax revenues from nonresident entertainers and professional athletes to the Missouri Arts Council Trust Fund, and 10% each to the Missouri Humanities Council Trust Fund, Missouri State Library Networking Fund, Missouri Public Television Broadcasting Corporation, and Missouri Historic Preservation Revolving Fund for fiscal years 2000-2015.

Applies the withholding requirement to nonresident members of professional athletic teams, including active players and those on disabled lists, with "personal service income" defined as salaries, wages, bonuses, and other compensation excluding prizes from livestock, equine, or rodeo competitions.