HB 301 - Current law requires that 50% of the revenues estimated by the Commissioner of Administration to be generated from the state income tax on nonresident athletes and entertainers be earmarked for the Missouri Arts Council Trust Fund. This act increases the percentage to 60% and extends the earmarking through the year 2007. The remaining 40% of estimated state income tax revenue generated from nonresident athletes and entertainers is earmarked in equal amounts to the Missouri Humanities Council Trust Fund, the Missouri State Library Networking Fund, the Missouri Public Television Broadcasting Corporation Special Fund (including certain qualified public radio stations), and the Missouri Historic Preservation Revolving Fund.
RUSS HEMBREE