House Amendment 14sub
H 3514 - Session 125 (2023-2024)
SC Equine Advancement Act
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Rep. McCravy proposes the following amendment (LC-3514.AHB0032H):

Amend the bill, as and if amended, SECTION 1, by striking Section 52-5-360(D) and inserting:

(D) The commission shall set and collect a license application fee equal to fifty percent of the applicant's projected ADW licensee's earnings in the State during the first full year of operations. Thereafter, the commission shall collect an annual fee from each ADW licensee equal to ten percent of the ADW licensee's earnings in the State during the previous twelve months. The annual fee shall be paid within four calendar weeks of the end of the ADW licensee's fiscal or calendar year. The ADW licensee shall designate whether he is paying on a fiscal-year or calendar-year basis at the time that his license is issued.

Amend the bill further, SECTION 1, by striking Section 52-5-370 and inserting:

Section 52-5-370.The commission may retain up to five percent of the application and annual license fees collected for the commission's expenses. Ten percent of the fees collected shall be credited to the Equine Industry Development Fund. Ten percent of the fees collected shall be credited to the South Carolina Department of Alcohol and Other Drug Abuse Services for use specifically to enhance the prevention, education, and treatment and recovery services for gambling addiction. Twenty-five percent of the fees collected shall be credited to the South Carolina Education Lottery Account.