The bill H. 3371 proposes an amendment to Section 12-21-2420 of the South Carolina Code of Laws, specifically addressing the admissions tax. The amendment introduces an exemption for admissions charged by certain nonprofit business leagues and chambers of commerce that are recognized as 501(c)(6) organizations by the Internal Revenue Service. These organizations must not be organized for profit, and their earnings cannot benefit any private shareholder or individual.

If enacted, this legislation would relieve qualifying nonprofit business leagues and chambers of commerce from the admissions tax, thereby potentially encouraging more participation in events they host. The bill is set to take effect upon approval by the Governor.