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H. 4954
STATUS INFORMATION
General Bill
Sponsors: Rep. King
Document Path: l:\council\bills\nbd\12170dg12.docx
Introduced in the House on March 6, 2012
Currently residing in the House Committee on Ways and Means
Summary: Hospitality tax
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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3/6/2012 House Introduced and read first time (House Journal-page 10)
3/6/2012 House Referred to Committee on Ways and Means
(House Journal-page 10)
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 6-1-730, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE USE OF REVENUE FROM THE LOCAL HOSPITALITY TAX, SO AS TO PROVIDE THAT IN ANY FISCAL YEAR IN WHICH REVENUE IS EXPENDED FOR TOURISM-RELATED CULTURAL, RECREATIONAL, OR HISTORIC FACILITIES, AT LEAST TWENTY-FIVE PERCENT OF THOSE EXPENDITURES MUST BE SPENT ON AFRICAN-AMERICAN CULTURAL FACILITIES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 6-1-730 of the 1976 Code, as last amended by Act 290 of 2010, is further amended by adding an appropriately lettered subsection at the end to read:
"( ) In any fiscal year where a local governing body expends revenue generated by the hospitality tax pursuant to subsection (A)(2), at least twenty-five percent of the revenue expended pursuant to subsection (A)(2) in the fiscal year must be spent on African-American cultural facilities and the support thereof pursuant to the additional purposes provided in subsection (B)(1)."
SECTION 2. This act takes effect July 1, 2012.
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