Modifies provisions relating to the allocation of certain nonresident income tax revenues

HB 3518 requires venues and teams to withhold 2% of payments over $300 made to nonresident entertainers (like musicians or actors) and nonresident professional athletes (such as out-of-state sports players). This tax applies to their "personal service income" (salaries, bonuses, etc.) but excludes competition prizes. The collected revenue is allocated for 31 years (through 2030): 60% to the Missouri Arts Council, and 10% each to the Missouri Humanities Council, State Library, and Public Television fund. Starting in 2027, 100% of this tax revenue will directly fund these specific programs instead of the general state budget.