- Truly Agreed To and Finally Passed -

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).

JEFF CRAVER