HB3518

Modifies tax revenue allocation for nonresident entertainers and professional athletes.

Modifies provisions relating to the allocation of certain nonresident income tax revenues. Specifies that for tax years beginning on or after January 1, 2027, and ending on or before December 31, 2060, one hundred percent of the amount of state income tax revenues collected from nonresident members of professional athletic teams and nonresident entertainers shall not be remitted to the general revenue fund of the state. Instead, such moneys shall be deposited into the nonresident entertainer and professional athletic team income tax fund.