Bill Text: NY A11269 | 2017-2018 | General Assembly | Introduced

New York Assembly Bill 11269 (Prior Session Legislation)

Introduced

Bill Title: Creates tax parity by imposing an eight and one-half percent tax on all combative sport event ticket sales.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-07-25 - referred to ways and means [A11269 Detail]

Download: New_York-2017-A11269-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          11269
                   IN ASSEMBLY
                                      July 25, 2018
                                       ___________
        Introduced  by  COMMITTEE ON RULES -- (at request of 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  creating  tax  parity  by
          imposing  an  eight  and  one-half  percent tax on all 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 1 of section 452 of the tax law, as amended by
     2  chapter 32 of the laws of 2016, is amended to read as follows:
     3    1. On and after October first, nineteen hundred ninety-nine, a tax  is
     4  hereby imposed and shall be paid upon the gross receipts of every person
     5  holding  any professional or amateur boxing, sparring or wrestling match
     6  or exhibition in this state. Such tax shall be  imposed  on  such  gross
     7  receipts, exclusive of any federal taxes, as follows:
     8    (a)  [three]  eight and one-half percent of gross receipts from ticket
     9  sales[, except that in no event shall the tax imposed by this  paragraph
    10  exceed fifty thousand dollars for any match or exhibition];
    11    (b)  three percent of the sum of: (i) gross receipts from broadcasting
    12  rights, and (ii) gross receipts from digital streaming over  the  inter-
    13  net,  except  that  in  no event shall the tax imposed by this paragraph
    14  exceed fifty thousand dollars for any match or exhibition.
    15    § 2. This act shall take effect immediately and shall apply  to  taxes
    16  imposed  on  and  after  such  effective date. Effective immediately the
    17  addition, amendment and/or repeal of any rule  or  regulation  necessary
    18  for  the implementation of this act on its effective date are authorized
    19  to be made on or before such date.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD16361-01-8