View Amendment Current Amendment: 481R001.KLB.docx to Bill 481     Senator BRYANT proposed the following amendment (481R001.KLB):
    Amend the bill, as and if amended, page 1, by striking SECTION 1 in its entirety and inserting:

/     (B)     For purposes of the exemption allowed by this section, a motorsports entertainment complex means a motorsports facility, and its ancillary grounds and facilities, that satisfies all of the following:
        (1)     has at least sixty thousand fixed seats for race patrons is a NASCAR sanctioned motor speedway or racetrack that hosts at least one race each year featuring the preeminent NASCAR cup series;
        (2)     has at least three scheduled days of motorsports events, and events ancillary and incidental thereto, each calendar year that are sanctioned by a nationally or internationally recognized governing body of motorsports that establishes an annual schedule of motorsports events;
        (3)     engages in tourism promotion;
        (4)     allocates at least one quarter of the revenue derived from the admissions license tax to a scholarship granting organization that must provide scholarships for students to attend the school of their choice."

    Renumber sections to conform.
    Amend title to conform.