Reference is to Printer's Date 4/18/13-H.
Amend the bill, as and if amended, by striking all after the enacting words and inserting:
/ SECTION 1. Section 12-21-2425 of the 1976 Code, as added by Act 313 of 2008, is amended to read:
"Section 12-21-2425.
(A) In addition to the exemptions
allowed from the admissions license tax imposed pursuant to
Section 12-21-2420 of the 1976 Code, there is also exempt from
that tax for ten years beginning July 1, 2008, one-half of the
paid admissions to a motorsports entertainment complex.
(B) For purposes of the
exemption allowed by this section, a motorsports entertainment
complex means a motorsports facility, and its ancillary grounds
and facilities, that satisfies all of the following:
(1)
has at least sixty thousand fixed seats for race
patrons is a NASCAR sanctioned motor speedway or
racetrack that hosts at least one race each year featuring the
preeminent NASCAR cup series;
(2)
has at least three scheduled days of motorsports events,
and events ancillary and incidental thereto, each calendar year
that are sanctioned by a nationally or internationally
recognized governing body of motorsports that establishes an
annual schedule of motorsports events;
(3) engages in tourism
promotion.
(C)(1) In
addition to the exemptions allowed from the admissions license
tax imposed pursuant to Section 12-21-2420 of the 1976 Code,
there is also exempt from that tax for ten years beginning July
1, 2013, one-half of the paid admissions to the Myrtle Beach
Pelicans Minor League Baseball complex.
(2)
For purposes of the exemption allowed by this
subsection, the Myrtle Beach Pelicans Minor League Baseball
complex includes its ancillary grounds and facilities."
SECTION 2. This act takes effect for tax years beginning after 2012. /
Renumber sections to conform.
Amend title to conform.