MO SB81

Imposes a 2% withholding tax on compensation paid to nonresident entertainers and nonresident professional athletes when compensation exceeds $300, with quarterly remittance to the director of revenue.

Allocates estimated tax revenues from nonresident entertainers and athletes (60% to Missouri Arts Council, 10% each to Missouri Humanities Council, State Library Networking Fund, and Public Television Broadcasting Corporation) for fiscal years 2000-2015.

Establishes professional development centers beginning fiscal year 2013 to provide fine arts education assistance and training through regional offices, including integration of arts into non-arts curricula.

Modifies school district fund accounting by allowing transfers from incidental funds to capital projects funds based on state adequacy targets and weighted average daily attendance, subject to board approval and state deduction of unlawful transfers.

Repeals section 163.037 concerning summer school attendance adjustments and declares the repeal of sections 163.037 and 165.011 as emergency measures effective upon passage.