SEMA eNews Vol. 21, No. 28, July 12, 2018

South Carolina Bill to Aid the Construction of Motorsports Complexes Signed into Law

By SEMA Washington, D.C., Staff

  South Carolina
With Governor Henry McMaster’s signature, a bill aiding and incentivizing the construction of motorsports complexes became law.
   

With Governor Henry McMaster’s signature, a bill aiding and incentivizing the construction of motorsports complexes became law. The South Carolina legislature recognized the important economic and civic value that additional motorsports can provide. The new law will help pave the way for new racing facilities in the state. A motorsports tourism incentive fund will be created to award grants or loans to attract and expand tourism and hospitality projects related to events at such complexes. The new law exempts certain building materials for a complex from sales tax and provides a process by which a qualified company may claim the exemption. 

For more information, visit the SEMA Action Network (SAN) website. For details, contact Christian Robinson at stateleg@sema.org.

 

 

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