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MO HB1237
Bill
Status
6/20/2014
Primary Sponsor
Denny Hoskins
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AI Summary
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Extends the deadline for annual estimates and allocations of nonresident entertainer and professional athletic team income taxes from December 31, 2015 to December 31, 2020.
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Maintains the allocation percentages: 60% to Missouri Arts Council Trust Fund, 10% each to Missouri Humanities Council Trust Fund, Missouri State Library Networking Fund, Missouri Public Television Broadcasting Corporation Special Fund, and Missouri Historic Preservation Revolving Fund.
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Extends the allocation period from 16 years to 21 years, running from fiscal year 2000 through fiscal year 2020.
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Requires payers of nonresident entertainers to withhold 2% of compensation exceeding $300 and remit withheld taxes quarterly to the Director of Revenue.
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Exempts 501(c)(3) tax-exempt organizations that receive no benefit from the entertainer's appearance other than the performance itself from withholding requirements.
Legislative Description
Extends the allocations of state income tax revenues collected from nonresident entertainers and professional athletic team members until December 31, 2020
Last Action
Delivered to Secretary of State (G)
6/20/2014