SB 166 Summary

• Repeals and reenacts section 143.183 regarding taxation of nonresident entertainers and professional athletes in Missouri

• Requires payers to withhold 2% tax from compensation paid to nonresident entertainers if compensation exceeds $300, with quarterly remittance to the director of revenue

• Extends the sunset date for revenue allocations from December 31, 2015 to December 31, 2019, and increases the allocation period from sixteen to twenty years

• Allocates estimated tax revenues generated from nonresident entertainers and athletes as follows: 60% to Missouri arts council trust fund, 10% each to Missouri humanities council trust fund, state library networking fund, public television broadcasting corporation special fund, and historic preservation revolving fund

• Exempts nonprofit organizations exempt under 26 U.S.C. Section 501(c)(3) from withholding requirements and excludes presentations for professional or technical education from the tax requirements