New York S05966 amends the tax law to create tax parity by imposing a six percent tax on all combative sport event ticket sales and a three percent.

New York S05966 amends the tax law to create tax parity by imposing a six percent tax on all combative sport event ticket sales. It also taxes gross receipts from broadcasting rights and digital streaming over the internet of combative sport events at a rate of three percent. The tax applies to every person holding any authorized combative sport in the state, excluding professional or amateur boxing, sparring, or wrestling events. The tax on ticket sales cannot exceed fifty thousand dollars for any match or exhibition.

New York S05966 amends the tax law to create tax parity by imposing a six percent tax on all combative sport event ticket sales and a three percent.

New York S05966 amends the tax law to create tax parity by imposing a six percent tax on all combative sport event ticket sales. It also taxes gross receipts from broadcasting rights and digital streaming over the internet of combative sport events at a rate of three percent. The tax applies to every person holding any authorized combative sport in the state, excluding professional or amateur boxing, sparring, or wrestling events. The tax on ticket sales cannot exceed fifty thousand dollars for any match or exhibition.