Bill lets Darlington Raceway keep tax exemption
Tue, 30 Apr 2013 21:30:02 GMT —
COLUMBIA, S.C. (AP) -- The South Carolina House has approved a bill allowing Darlington Raceway to widen its seats and still keep its tax exemption.
Racetrack officials are considering widening Darlington's 18-inch seats to increase fans' comfort. But that would make the track ineligible for the exemption legislators carved out for it in 2008.
The measure sent Tuesday to the Senate would delete the requirement that a racetrack have 60,000 seats to keep admissions taxes it collects on tickets.
It instead applies the exemption to a NASCAR sanctioned speedway that hosts at least one Sprint Cup Series race yearly.
The 2008 law allows the speedway to keep half of the 5 percent tax for its own marketing. A clause in the House's proposed 2013-14 budget would allow it to keep the other half, too.