HB 301 -- STATE INCOME TAX

Under current law, 50% of the revenues generated from the state
income tax on nonresident athletes and entertainers, as
estimated by the Commissioner of Administration, is earmarked to
the Missouri Arts Council Trust Fund until the year 2004.  This
bill increases the percentage to 60% and extends the earmarking
to the year 2007.

In addition, the bill earmarks each year the remaining estimated
revenue (40% of the state income tax revenues generated from
nonresident athletes and entertainers) in 4 equal amounts until
the year 2007 to the Missouri Humanities Council Trust Fund, the
Missouri State Library Networking Fund, the Missouri Public
Television Fund and certain public radio stations qualified by
the Corporation for Public Broadcasting, and the Missouri
Historical Preservation Revolving Fund.

HB 301 -- STATE INCOME TAX (Lumpe)

Under current law, 50% of the revenues generated from the state
income tax on nonresident athletes and entertainers, as
estimated by the Commissioner of Administration, is earmarked to
the Missouri Arts Council Trust Fund until the year 2004.  This
bill increases the percentage to 60% and extends the earmarking
to the year 2007.

In addition, the bill earmarks each year the remaining estimated
revenue (40% of the state income tax revenues generated from
nonresident athletes and entertainers) in 4 equal amounts until
the year 2007 to the Missouri Humanities Council Trust Fund, the
Missouri State Library Networking Fund, the Missouri Public
Television Fund and certain public radio stations qualified by
the Corporation for Public Broadcasting, and the Missouri
Historical Preservation Revolving Fund.

FISCAL NOTE:  Net Loss to General Revenue Fund of $0 in FY 1998,
$4,772,040 in FY 1999, & $5,010,640 in FY 2000.  Income to
Missouri Arts Council Trust Fund of $0 in FY 1998, $954,408 in
FY 1999, & $1,002,128 in FY 2000.  Income to Missouri Humanities
Council Trust Fund of $0 in FY 1998, $954,408 in FY 1999, &
$1,002,128 in FY 2000.  Income to Missouri State Library
Networking Fund of $0 in FY 1998, $954,408 in FY 1999, &
$1,002,128 in FY 2000.  Income to Missouri Public Television
Broadcasting Corporation Special Fund of $0 in FY 1998, $954,408
in FY 1999, & $1,002,128 in FY 2000.  Income to Missouri
Historic Preservation Revolving Fund of $0 in FY 1998, $954,408
in FY 1999, & $1,002,128 in FY 2000.

HB 301, HCA 1, 2 -- STATE INCOME TAX

SPONSOR:  Lumpe

COMMITTEE ACTION:  Voted "do pass" by the Committee on Ways and
Means by a vote of 20 to 2.

Under current law, 50% of the revenues generated from the state
income tax on nonresident athletes and entertainers, as
estimated by the Commissioner of Administration, is earmarked to
the Missouri Arts Council Trust Fund until the year 2004.  This
bill increases the percentage to 60% and extends the earmarking
to the year 2007.

In addition, the bill earmarks each year the remaining estimated
revenue (40% of the state income tax revenues generated from
nonresident athletes and entertainers) in 4 equal amounts until
the year 2007 to the Missouri Humanities Council Trust Fund, the
Missouri State Library Networking Fund, the Missouri Public
Television Fund, and the Missouri Historical Preservation
Revolving Fund.

HCA 1 -- Makes technical corrections to the bill.

HCA 2 -- Requires 25% of the funds earmarked in the bill to the
Missouri Public Television Broadcasting Corporation Special Fund
to be used for grants to public radio stations which are
qualified by the Corporation for Public Broadcasting, with
limitations.

FISCAL NOTE:  Net Loss to General Revenue Fund of $0 for FY
1998, $4,772,040 for FY 1999, and $5,010,640 for FY 2000.
Missouri Arts Council Trust Fund, Missouri Humanities Council
Trust Fund, Missouri State Library Networking Fund, Missouri
Public Television Broadcasting Corporation Special Fund, and
Missouri Historic Preservation Revolving Fund will each have an
increase of $0 for FY 1998, $954,408 for FY 1999, and $1,002,128
for FY 2000.

PROPONENTS:  Supporters say that this bill will supplement
current and guarantee future revenues to the associated funds
and entities.

Testifying for the bill were Representative Lumpe; Missouri Arts
Council; Secretary of State's Office; Missouri Library
Association; Missouri Arts Council; Station KBIA; Missouri
Public Radio; Missouri Alliance for Historic Preservation;
Missouri Humanities Council; and Historic Kansas City Foundation.

OPPONENTS:  There was no opposition voiced to the committee.

Bill Tucker, Research Analyst

HB 301 -- State Income Tax

Co-Sponsors:  Lumpe, Farmer

Under current law, 50% of the revenues generated from the state
income tax on nonresident athletes and entertainers, as
estimated by the Commissioner of Administration, is earmarked to
the Missouri Arts Council Trust Fund until the year 2004.  This
bill increases the percentage to 60% and extends the earmarking
to the year 2007.

In addition, the bill earmarks each year the remaining estimated
revenue (40% of the state income tax revenues generated from
nonresident athletes and entertainers) in 4 equal amounts until
the year 2007 to the Missouri Humanities Council Trust Fund, the
Missouri State Library Networking Fund, the Missouri Public
Television Fund, and the Missouri Historical Preservation
Revolving Fund.