Bill Text: NY S07949 | 2023-2024 | General Assembly | Introduced

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Bill Title: Relates to creating 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) 2024-01-04 - REFERRED TO BUDGET AND REVENUE [S07949 Detail]

Download: New_York-2023-S07949-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7949

                    IN SENATE

                                     January 4, 2024
                                       ___________

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

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11840-01-3
        S. 7949                             2

     1  imposed pursuant to this paragraph exceed fifty thousand dollars for any
     2  match or exhibition.
     3    §  2.  This act shall take effect immediately and shall apply to taxes
     4  imposed on and after such effective date.