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Session 122 - (2017-2018)Printer Friendly
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H 4009 General Bill, By Lucas, Williams, Crawford, Alexander, McCoy, Hiott, Clemmons, Bales, Bedingfield, Ott, G.R. Smith, Herbkersman, Sandifer and S. Rivers
Summary: Motorsports Entertainment Complex Investment Act
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING CHAPTER 69 TO TITLE 12 SO AS TO ENACT THE "MOTORSPORTS ENTERTAINMENT COMPLEX INVESTMENT ACT" BY EXEMPTING CERTAIN BUILDING MATERIALS FOR A COMPLEX FROM THE SALES TAX AND TO PROVIDE THE PROCESS BY WHICH A QUALIFIED COMPANY MAY CLAIM THE EXEMPTION, TO CREATE THE MOTORSPORTS TOURISM INCENTIVE FUND TO AWARD GRANTS OR LOANS TO ATTRACT AND EXPAND TOURISM AND HOSPITALITY PROJECTS RELATED TO EVENTS AT SUCH COMPLEXES, TO PROVIDE THAT A COMPLEX IS ELIGIBLE FOR BENEFITS FROM THE CLOSING FUND, TO ALLOW A TAX CREDIT OF TWENTY-FIVE PERCENT OF THE COSTS INCURRED BY A TAXPAYER TO INSTALL EQUIPMENT OR TECHNOLOGY THAT ALLOWS INFORMATION TO BE TRANSMITTED THROUGH A WIRELESS LOCAL AREA NETWORK AT A COMPLEX; TO AMEND SECTION 12-20-110, RELATING TO THE APPLICABILITY OF CORPORATION LICENSE FEE PROVISIONS, SO AS TO MAKE SUCH PROVISIONS INAPPLICABLE TO A COMPLEX; AND TO AMEND SECTION 12-21-2425, RELATING TO THE ADMISSION LICENSE TAX, SO AS TO INCREASE THE EXEMPTION ON A COMPLEX, TO REMOVE THE TIME PERIOD FOR THE EXEMPTION, AND TO PROVIDE THAT THE EXEMPTED REVENUE MUST BE USED ON MARKETING FOR EVENTS AT THE COMPLEX.
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03/21/17House Introduced and read first time (House Journal-page 120)
03/21/17House Referred to Committee on Ways and Means (House Journal-page 120)
02/14/18House Member(s) request name added as sponsor: S.Rivers
03/22/18House Committee report: Favorable with amendment Ways and Means (House Journal-page 53)
03/26/18 Scrivener's error corrected
04/03/18House Requests for debate-Rep(s). Hill (House Journal-page 104)
04/03/18House Amended (House Journal-page 104)
04/03/18House Read second time (House Journal-page 104)
04/03/18House Roll call Yeas-97 Nays-1 (House Journal-page 107)
04/04/18House Read third time and sent to Senate (House Journal-page 11)
04/09/18Senate Introduced and read first time (Senate Journal-page 9)
04/09/18Senate Referred to Committee on Finance (Senate Journal-page 9)
04/24/18Senate Committee report: Favorable with amendment Finance (Senate Journal-page 13)
04/25/18 Scrivener's error corrected
05/08/18Senate Committee Amendment Adopted (Senate Journal-page 60)
05/08/18Senate Read second time (Senate Journal-page 60)
05/08/18Senate Roll call Ayes-42 Nays-0 (Senate Journal-page 60)
05/09/18 Scrivener's error corrected
05/09/18Senate Read third time and returned to House with amendments (Senate Journal-page 36)
05/10/18House Non-concurrence in Senate amendment (House Journal-page 76)
05/10/18House Roll call Yeas-0 Nays-102 (House Journal-page 77)
05/10/18Senate Senate insists upon amendment and conference committee appointed Malloy, Campbell, Martin (Senate Journal-page 19)
05/10/18House Conference committee appointed Williams, Lucas, Simrill (House Journal-page 85)



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