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SCS/SB 269 - This act requires the Department of Revenue to annually estimate the amount of revenue collected from the athletes and entertainers tax . Once collected, the revenue from such tax will be deposited in the "Nonresident Entertainer and Athlete Fund", which is created by this act. For fiscal year 2007 and each fiscal year thereafter, an annual allocation of twenty-four percent of the total annual estimate of revenue derived from the tax shall be made to the Missouri Arts Council Trust Fund. For fiscal year 2007 and each fiscal year thereafter, annual allocations of four percent of the total annual estimate of revenue derived from the tax will be made to each of the four remaining funds currently provided for in statute. As a result, the Missouri Humanities Council Trust Fund, Missouri State Library Networking Fund, Missouri Public Television Broadcasting Corporation Special Fund, and the Missouri Historic Preservation Revolving Fund, will each be allocated four percent of the annual estimate. The act further provides for the pro rata annual distribution of the remaining sixty percent of the annual estimate of revenue derived from the tax to the Jackson County Sports authority, three sports facilities in St. Louis including the Edward Jones Dome and to each county commission in an amount proportionate to each entities contribution to the fund. These distributions will start in fiscal year 2007. Any distributions under this section to the Edward Jones Dome will reduce any other appropriations the Dome would receive from General Revenue. JASON ZAMKUS
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