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H. 3790
STATUS INFORMATION
General Bill
Sponsors: Reps. W. Newton, Erickson, Bradley and Herbkersman
Document Path: l:\council\bills\nbd\11146sa21.docx
Introduced in the House on February 2, 2021
Currently residing in the House Committee on Ways and Means
Summary: Admission tax and rebates, motion picture companies
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 2/2/2021 House Introduced and read first time (House Journal-page 46) 2/2/2021 House Referred to Committee on Ways and Means (House Journal-page 46)
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VERSIONS OF THIS BILL
TO AMEND SECTION 12-62-60, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DISTRIBUTION OF THE ADMISSIONS TAX AND REBATES TO MOTION PICTURE PRODUCTION COMPANIES, SO AS TO PROVIDE THAT AN ADDITIONAL FOUR PERCENT OF THE GENERAL FUND PORTION OF THE ADMISSIONS TAX COLLECTED BY THE STATE MUST BE FUNDED ANNUALLY TO THE DEPARTMENT OF PARKS, RECREATION AND TOURISM FOR THE EXCLUSIVE USE OF THE SOUTH CAROLINA FILM COMMISSION FOR A PERIOD OF FIVE YEARS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-62-60 of the 1976 Code is amended by adding an appropriately lettered subsection to read:
"( ) Notwithstanding subsection (A), on July 1, 2021, and each July first thereafter until July 1, 2025, an additional four percent of the general fund portion of admissions tax collected by the State of South Carolina for the previous year must be funded annually by September first to the department for the exclusive use of the South Carolina Film Commission until the total amount is equal to forty-six percent of the general fund portion of admissions tax."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on
February 3, 2021 at 12:43 PM