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A68, R81, S481

STATUS INFORMATION

General Bill
Sponsors: Senators Malloy, McGill, Leatherman, Setzler, Johnson and Ford
Document Path: l:\council\bills\nl\13174dg13.docx
Companion/Similar bill(s): 3783

Introduced in the Senate on March 5, 2013
Introduced in the House on April 30, 2013
Last Amended on June 5, 2013
Passed by the General Assembly on June 6, 2013
Governor's Action: June 13, 2013, Signed

Summary: Admissions license tax exemption for motorsports entertainment complex

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
    3/5/2013  Senate  Introduced and read first time (Senate Journal-page 7)
    3/5/2013  Senate  Referred to Committee on Finance (Senate Journal-page 7)
   4/10/2013  Senate  Committee report: Favorable Finance 
                        (Senate Journal-page 21)
   4/24/2013  Senate  Read second time (Senate Journal-page 18)
   4/24/2013  Senate  Roll call Ayes-37  Nays-1 (Senate Journal-page 18)
   4/30/2013  Senate  Read third time and sent to House 
                        (Senate Journal-page 22)
   4/30/2013  House   Introduced and read first time (House Journal-page 190)
   4/30/2013  House   Referred to Committee on Ways and Means 
                        (House Journal-page 190)
   5/30/2013  House   Committee report: Favorable with amendment Ways and 
                        Means (House Journal-page 12)
    6/5/2013  House   Amended (House Journal-page 110)
    6/5/2013  House   Read second time (House Journal-page 110)
    6/5/2013  House   Roll call Yeas-97  Nays-11 (House Journal-page 111)
    6/6/2013  House   Read third time and returned to Senate with amendments 
                        (House Journal-page 16)
    6/6/2013  Senate  Concurred in House amendment and enrolled 
                        (Senate Journal-page 58)
    6/6/2013  Senate  Roll call Ayes-38  Nays-1 (Senate Journal-page 58)
   6/11/2013          Ratified R 81
   6/13/2013          Signed By Governor
   6/20/2013          Effective date See Act for Effective Date
   6/24/2013          Act No. 68

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

3/5/2013
4/10/2013
5/30/2013
6/5/2013

(A68, R81, S481)

AN ACT TO AMEND SECTION 12-21-2425, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE ADMISSIONS LICENSE TAX EXEMPTION FOR A MOTORSPORTS ENTERTAINMENT COMPLEX, SO AS TO REQUIRE THE COMPLEX TO BE A NASCAR-SANCTIONED MOTOR SPEEDWAY THAT HOSTED AT LEAST ONE NASCAR SPRINT CUP SERIES RACE IN 2012, AND CONTINUES TO HOST AT LEAST ONE NASCAR SPRINT CUP SERIES RACE, OR ANY SUCCESSOR RACE FEATURING THE SAME NASCAR CUP SERIES.

Be it enacted by the General Assembly of the State of South Carolina:

Admissions license tax exemption for motorsports entertainment complex

SECTION    1.    Section 12-21-2425(B)(1) of the 1976 Code, as added by Act 313 of 2008, is amended to read:

"(1)    is a NASCAR-sanctioned motor speedway or racetrack that hosted at least one NASCAR Sprint Cup Series race in 2012, and continues to host at least one NASCAR Sprint Cup Series race, or any successor race featuring the same NASCAR Cup series;"

Time effective

SECTION    2.    This act takes effect for tax years beginning after 2012.

Ratified the 11th day of June, 2013.

Approved the 13th day of June, 2013.

This web page was last updated on Friday, August 16, 2013 at 12:14 P.M.