Bill Text: NY A00785 | 2021-2022 | General Assembly | Amended

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Bill Title: Reduces the tax on combative sport event ticket sales to five percent.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-05 - referred to ways and means [A00785 Detail]

Download: New_York-2021-A00785-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         785--A

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                       (Prefiled)

                                     January 6, 2021
                                       ___________

        Introduced  by  M.  of  A.  ZEBROWSKI  --  read once and referred to the
          Committee on Ways and Means --  committee  discharged,  bill  amended,
          ordered reprinted as amended and recommitted to said committee

        AN  ACT  to  amend  the tax law, in relation to the imposition of tax on
          combative sport event ticket sales

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Subdivision  2 of section 452 of the tax law, as added by
     2  chapter 32 of the laws of 2016, is amended to read as follows:
     3    2. On and after the effective date of this subdivision, a tax is here-
     4  by imposed and shall be paid upon the gross  receipts  of  every  person
     5  holding  any  authorized  combative  sport in this state, other than any
     6  professional or amateur boxing,  sparring  or  wrestling  exhibition  or
     7  match, exclusive of any federal taxes as follows:
     8    (a)  [eight  and  one-half] five percent of gross receipts from ticket
     9  sales; and
    10    (b) three percent of the sum of (i) gross receipts  from  broadcasting
    11  rights,  and  (ii) gross receipts from digital streaming over the inter-
    12  net, except that in no event shall such tax  imposed  pursuant  to  this
    13  paragraph exceed fifty thousand dollars for any match or exhibition.
    14    §  2.  This act shall take effect immediately and shall apply to taxes
    15  imposed on and after such  effective  date.  Effective  immediately  the
    16  addition,  amendment  and/or  repeal of any rule or regulation necessary
    17  for the implementation of this act on its effective date are  authorized
    18  to be made and completed on or before such date.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04416-02-1