Imposes excise tax on admission to live entertainment events and resales, exempts certain events, and regulates tax collection and liability.

This bill imposes an excise tax on admission to live entertainment events and each resale of admission, except for occasional sales. It exempts certain events, such as those provided by schools, certain athletic contests, and live entertainment provided by or for the benefit of certain organizations. The bill requires certain persons who facilitate resales of admission to live entertainment events to collect the tax. It limits the liability of such persons for failure to collect the tax under certain circumstances.

Imposes excise tax on admission to live entertainment events and resales, exempts certain events, and regulates tax collection and liability.

This bill imposes an excise tax on admission to live entertainment events and each resale of admission, except for occasional sales. It exempts certain events, such as those provided by schools, certain athletic contests, and live entertainment provided by or for the benefit of certain organizations. The bill requires certain persons who facilitate resales of admission to live entertainment events to collect the tax. It limits the liability of such persons for failure to collect the tax under certain circumstances.