Bill Text: NY S04882 | 2021-2022 | General Assembly | Introduced

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Bill Title: Creates tax parity by imposing a six percent tax on all combative sport event ticket sales; taxes gross receipts from broadcasting rights and digital streaming over the internet of combative sport events.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-05 - REFERRED TO BUDGET AND REVENUE [S04882 Detail]

Download: New_York-2021-S04882-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4882

                               2021-2022 Regular Sessions

                    IN SENATE

                                    February 17, 2021
                                       ___________

        Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
          printed to be committed to the Committee on Budget and Revenue

        AN ACT to amend the tax law, in  relation  to  creating  tax  parity  by
          imposing a six 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. 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  or  wrestling match or exhibition in this state. Such
     7  tax shall be imposed on such gross receipts, exclusive  of  any  federal
     8  taxes, as follows:
     9    (a)  [three]  six percent of gross receipts from ticket sales[, except
    10  that in no event shall the tax imposed by this  paragraph  exceed  fifty
    11  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  exceed fifty thousand dollars for any match or exhibition.
    16    2. On and after the effective date of this subdivision, a tax is here-
    17  by imposed and shall be paid upon the gross  receipts  of  every  person
    18  holding  any  authorized  combative  sport in this state, other than any
    19  professional or amateur boxing,  sparring  or  wrestling  exhibition  or
    20  match, exclusive of any federal taxes as follows:
    21    (a)  [eight  and  one-half]  six percent of gross receipts from ticket
    22  sales; and
    23    (b) three percent of the sum of (i) gross receipts  from  broadcasting
    24  rights,  and  (ii) gross receipts from digital streaming over the inter-

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09796-02-1
        S. 4882                             2

     1  net, except that in no event shall such tax  imposed  pursuant  to  this
     2  paragraph exceed fifty thousand dollars for any match or exhibition.
     3    §  2.  This act shall take effect immediately and shall apply to taxes
     4  imposed on and after such  effective  date.  Effective  immediately  the
     5  addition,  amendment  and/or  repeal of any rule or regulation necessary
     6  for the implementation of this act on its effective date are  authorized
     7  to be made on or before such date.