SB 0052 Modifies the nonresident athletes and entertainers tax
LR Number:0328L.10T Fiscal Note:0328-10
Committee:Ways and Means
Last Action:07/10/03 - Signed by Governor Journal page:
Title:CCS HCS SCS#2 SB 52
Effective Date:August 28, 2003
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Current Bill Summary

CCS/HCS/SCS#2/SB 52 - Currently, the taxation of non- resident professional athletes and entertainers has a specific distribution schedule, subject to appropriation, which is set to expire in 2008. This act extends the expiration date of the distribution schedule through FY 2016.

The act also specifies that any person, venue, or entity subject to the tax is to be considered an employer under the income tax law and thereby subject to the same penalties, interest and additions to tax for failure to collect the tax.

The act limits collection of the tax on entertainers to apply only where compensation for the entertainer was greater than $300.

This act is similar to SB 1225 (2002).