A BILL TO BE ENTITLED
AN ACT to exempt athletic contests sponsored by income tax exempt persons from the amusements privilege tax.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑40 is amended by adding a new subdivision to read:
"(6a)	A youth athletic contest with an admissions price that does not exceed five dollars ($5.00) sponsored by a person exempt from income tax under Article 4 of this Chapter. For the purpose of this subdivision, a youth athletic contest means a contest in which each participating athlete is less than 19 years of age."
SECTION 2.  This act becomes effective July 1, 2003.