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Bill 4033

Indicates Matter Stricken
Indicates New Matter

INTRODUCED

April 25, 2013

H. 4033

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.

This web page was last updated on April 25, 2013 at 7:14 PM