MO HB3518

Creates the "Nonresident Entertainer and Professional Athletic Team Income Tax Fund" to receive 100% of state income taxes collected from nonresident professional athletes and entertainers, effective January 1, 2027 through December 31, 2060

Allocates fund revenues annually: 60% to Missouri Arts Council Trust Fund, 10% to Missouri Humanities Council Trust Fund, 10% to Missouri State Library Networking Fund, 10% to Missouri Public Broadcasting Corporation Special Fund, and 10% to Missouri Historic Preservation Revolving Fund

Extends the allocation program 30 years beyond the current December 31, 2030 expiration date to December 31, 2060

Requires 2% withholding on compensation exceeding $300 paid to nonresident entertainers performing live in Missouri, with quarterly remittance to the Director of Revenue

Exempts 501(c)(3) organizations from withholding requirements when they pay entertainers for appearances where the organization receives no benefit beyond the performance itself