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TO AMEND SECTION 33-56-55, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO PARENT-TEACHER ASSOCIATIONS AND LOCAL CHAMBERS OF COMMERCE BEING EXEMPT FROM THE PROVISIONS OF THE SOLICITATION OF CHARITABLE FUNDS ACT UNDER CERTAIN CONDITIONS, SO AS TO PROVIDE THAT THESE PROVISIONS ALSO DO NOT APPLY TO AN ATHLETIC, BAND, OR OTHER EXTRACURRICULAR ACTIVITY BOOSTER CLUB OR ORGANIZATION AFFILIATED WITH A K-12 SCHOOL IF THE ORGANIZATION IS A 501(c)(3) TAX-EXEMPT ENTITY PROPERTY FILING ALL FEDERAL AND STATE REPORTING FORMS REQUIRED OF THESE ORGANIZATIONS, INCLUDING FORM 990.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 33-56-55 of the 1976 Code is amended to read:
"Section 33-56-55. The provisions of this chapter do not apply to a parent-teacher association affiliated with a school or to a local chamber of commerce. The provisions of this chapter also do not apply to athletic, band, or other extracurricular activity booster club or organization affiliated with a K-12 school if the organization is a 501(c)(3) tax-exempt entity property filing all federal and state reporting forms required of these organizations, including form 990. Reporting of fundraising activities or other reporting pursuant to this chapter is not required of a parent-teacher association, or a local chamber of commerce, or an extracurricular activity booster club or organization whether or not they would be considered exempt organizations under Section 33-56-50, if none of the fundraising activities are conducted by professional solicitors."
SECTION 2. This act takes effect upon approval by the Governor.
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