Bill Text: NY S08836 | 2017-2018 | General Assembly | Introduced
Bill Title: Relates to the tax on combative sports and includes gross receipts from digital streaming over the internet as taxable.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2018-05-23 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S08836 Detail]
Download: New_York-2017-S08836-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8836 IN SENATE May 23, 2018 ___________ Introduced by Sen. GRIFFO -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to the imposition of tax on combative sport matches or exhibitions The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 452 of the tax law, as amended by chapter 32 of the 2 laws of 2016, is amended to read as follows: 3 § 452. Imposition of tax. [1.] On and after October first, nineteen 4 hundred ninety-nine, a tax is hereby imposed and shall be paid upon the 5 gross receipts of every person holding any professional or amateur 6 boxing, sparring, combative sport or wrestling match or exhibition in 7 this state. Such tax shall be imposed on such gross receipts, exclusive 8 of any federal taxes, as follows: 9 (a) three percent of gross receipts from ticket sales, except that in 10 no event shall the tax imposed by this [paragraph] subdivision exceed 11 fifty thousand dollars for any match or exhibition; 12 (b) three percent of the sum of (i) gross receipts from broadcasting 13 rights, and (ii) gross receipts from digital streaming over the Inter- 14 net, except that in no event shall the tax imposed by this [paragraph] 15 subdivision exceed fifty thousand dollars for any match or exhibition. 16 [2. On and after the effective date of this subdivision, a tax is17hereby imposed and shall be paid upon the gross receipts of every person18holding any authorized combative sport in this state, other than any19professional or amateur boxing, sparring or wrestling exhibition or20match, exclusive of any federal taxes as follows:21(a) eight and one-half percent of gross receipts from ticket sales;22and23(b) three percent of the sum of (i) gross receipts from broadcasting24rights, and (ii) gross receipts from digital streaming over the inter-25net, except that in no event shall such tax imposed pursuant to this26paragraph exceed fifty thousand dollars for any match or exhibition.] 27 § 2. This act shall take effect immediately, and shall apply to all 28 taxable years beginning on or after January 1, 2019. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD16002-01-8