MO HB712

Designates June 19 as "Emancipation Day" in Missouri to commemorate the abolishment of slavery and the Emancipation Proclamation, requesting state organizations to reflect on freedom and equality.

Establishes the "Missouri Juneteenth Heritage and Jazz Festival and Memorial" to be celebrated in home rule cities with over 400,000 residents spanning multiple counties, cities not within counties, or charter counties with over 1 million inhabitants, along with a monument honoring those who were enslaved.

Creates the "Missouri Juneteenth Heritage and Jazz Festival and Memorial Fund" in the state treasury, with funds collected from the nonresident entertainer and professional athlete income tax, managed by the state treasurer.

Changes the allocation of nonresident entertainer and professional athlete income tax revenues collected after January 1, 2011 through December 31, 2016, directing the greater of $2 million or 10 percent annually to the Juneteenth fund instead of previous allocations to arts, humanities, libraries, and public broadcasting.

Maintains a 2 percent withholding tax on compensation paid to nonresident entertainers and professional athletes exceeding $300, collected and remitted quarterly to the director of revenue.