Establishes the Empire State Sports and Entertainment Fund to attract sports and entertainment events in New York, focusing on economic development.

The bill establishes the Empire State Sports and Entertainment Fund to create competitive financial incentives for sports and entertainment events in New York. It aims to attract events that are not part of a fixed schedule in the state and could reasonably be held in other markets. The fund targets events with a live audience of at least five thousand ticketholders. To participate, businesses must host a qualifying event, comply with worker protection laws, and not owe past due state taxes.

Establishes the Empire State Sports and Entertainment Fund to attract sports and entertainment events in New York, focusing on economic development.

The bill establishes the Empire State Sports and Entertainment Fund to create competitive financial incentives for sports and entertainment events in New York. It aims to attract events that are not part of a fixed schedule in the state and could reasonably be held in other markets. The fund targets events with a live audience of at least five thousand ticketholders. To participate, businesses must host a qualifying event, comply with worker protection laws, and not owe past due state taxes.