General Appropriations Bill H. 4700 for the fiscal year beginning July 1, 1998
Hint: To avoid truncation when printing, be sure your software is set to print in Landscape Orientation. Adjust font size as needed.
Indicates Matter Stricken
Indicates New Matter
17 SECTION 34
18
19 TO AMEND THE 1976 CODE BY ADDING SECTION 52-7-37 SO AS TO PROVIDE THAT NO TAX OR FEE MAY BE IMPOSED
20 BY THE STATE ATHLETIC COMMISSION OR A COUNTY ATHLETIC COMMISSION ON THE GROSS RECEIPTS
21 RECEIVED BY REASON OF THE LEASE OR SALE OF TELEVISION, MOTION PICTURE, OR RADIO RIGHTS IN
22 CONNECTION WITH ANY BOXING, WRESTLING, KICK BOXING, FULL CONTACT KARATE, OR SPARRING
23 EXHIBITION OR PERFORMANCE IN THIS STATE.
24
25 A. The 1976 Code is amended by adding:
26
27 "Section 52-7-37. Notwithstanding any other provision of law, including applicable regulations, no tax or fee may be imposed by the
28 State Athletic Commission or a county athletic commission on the gross receipts received by reason of the lease or sale of television, motion
29 picture, or radio rights in connection with any boxing, wrestling, kick boxing, full contact karate, or sparring exhibition or performance in this
30 State."
31
32 B. This section is repealed July 30, 1999 unless otherwise extended by act or resolution of the General Assembly.
33