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March 3, 2011
S. Printed 3/3/11--H.
Read the first time March 3, 2011.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING CHAPTER 70 TO TITLE 12 SO AS TO ENACT THE 'HERITAGE GOLF PRESERVATION ACT'.
Whereas, since 1987, the Heritage Golf Tournament has been the largest professional sporting event occurring in South Carolina; and
Whereas, the Heritage Golf Tournament generates in excess of eighty-five million dollars in economic benefits to the State of South Carolina during tournament week alone; and
Whereas, because of the tournament, each year South Carolina receives international media attention with more than twenty hours of television airtime being broadcast, having the potential to attract tourists to the State; and
Whereas, if the Heritage Golf Tournament were not held, the State of South Carolina would suffer a great financial loss, both directly in loss of sales tax, accommodations tax, and hospitality tax revenues during the tournament, but also indirectly in loss of potential tourists that otherwise would help the economy of the State. Now, therefore,
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Title 12 of the 1976 Code is amended by adding:
"Section 12-70-10. This chapter may be cited as the 'Heritage Golf Financial Preservation Act'."
SECTION 2. This act takes effect upon approval by the Governor.
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