Bill > A00785

This bill amends the tax law to reduce the tax on combative sport event ticket sales from 8.5% to 5%. The bill maintains the 3% tax on broadcasting rights and digital streaming, with a maximum tax of $50,000 per match or exhibition. The bill aims to create tax parity by imposing the same 5% tax rate on all combative sport event ticket sales, including those for professional or amateur boxing, sparring, or wrestling exhibitions or matches.