Enrolled Senate Bill (S)

DIGEST

Motorsports racing. With respect to professional motorsports racing teams and members, requires, rather than permits, the department of state revenue (department) to adopt rules, guidelines, or other instructions to establish alternative methods of simplifying return filing for race teams and race team members. Specifies that the rules and guidelines required to be adopted by the department must apply retroactively to taxable years beginning after December 31, 2013. Motorsports racing. With respect to professional motorsports racing teams and members, requires, rather than permits, the department of state revenue (department) to adopt rules, guidelines, or other instructions to establish alternative methods of simplifying return filing for race teams and race team members. Specifies that the rules and guidelines required to be adopted by the department must apply retroactively to taxable years beginning after December 31, 2013.