New York bill S04226 amends the tax law to impose a tax on combative sport events.

New York bill S04226 amends the tax law to impose a tax on combative sport events. Specifically, it imposes a three percent tax on gross receipts from ticket sales and a five percent tax on the sum of gross receipts from broadcasting rights and digital streaming over the internet. The tax on any match or exhibition cannot exceed fifty thousand dollars. The tax applies to both amateur and professional boxing, sparring, and wrestling events. The bill takes effect immediately upon enactment.

New York bill S04226 amends the tax law to impose a tax on combative sport events.

New York bill S04226 amends the tax law to impose a tax on combative sport events. Specifically, it imposes a three percent tax on gross receipts from ticket sales and a five percent tax on the sum of gross receipts from broadcasting rights and digital streaming over the internet. The tax on any match or exhibition cannot exceed fifty thousand dollars. The tax applies to both amateur and professional boxing, sparring, and wrestling events. The bill takes effect immediately upon enactment.