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

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                           785

                               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

        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 and completed on or before such date.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04416-01-1