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April 25, 2013
S. Printed 4/25/13--H.
Read the first time April 25, 2013.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 12-21-2426 SO AS TO PROVIDE THAT ONE-HALF OF THE PAID ADMISSIONS TO A SOCCER SPECIFIC STADIUM IS EXEMPT FROM THE ADMISSION LICENSE TAX IMPOSED PURSUANT TO SECTION 12-21-2420, AND TO DEFINE THE TERM "SOCCER SPECIFIC STADIUM".
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 17, Chapter 21, Title 12 of the 1976 Code is amended by adding:
"Section 12-21-2426. (A) In addition to the exemptions allowed from the admissions license tax imposed pursuant to Section 12-21-2420, there is also exempt from that tax for ten years beginning July 1, 2013, one-half of the paid admissions to a soccer specific stadium.
(B) For purposes of the exemption allowed by this section, a soccer specific stadium means a soccer facility, and its ancillary grounds and facilities, that satisfies all of the following:
(1) has at least three thousand fixed seats for soccer patrons;
(2) serves as the home stadium for an accredited professional soccer team; and
(3) engages in tourism promotion."
SECTION 2. This act takes effect upon approval by the Governor.
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