House Amendment 17
H 3514 - Session 125 (2023-2024)
SC Equine Advancement Act
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Rep. McCravy proposes the following amendment (LC-3514.PH0020H):

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 ten percent of the applicant's projected ADW licensee's earnings in the State during the first full year of operations. In the event the ADW licensee's actual earnings are more than the projected earnings for the first year, ADW shall be required to pay a supplemental fee based on the actual earnings with credit for the amounts already paid. 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.