Bill Text: NY A01081 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 1081

Introduced

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2023-03-22 - enacting clause stricken [A01081 Detail]

Download: New_York-2023-A01081-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          1081

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 13, 2023
                                       ___________

        Introduced  by  M.  of  A.  ZEBROWSKI  --  read once and referred to the
          Committee on Ways and Means

        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.
                                                                   LBD03211-01-3