Bill > S04882

This bill creates tax parity by imposing a six percent tax on all combative sport event ticket sales, and taxes the gross receipts from broadcasting rights and digital streaming over the internet of combative sport events. The bill lowers the existing tax rate from 8.5 percent to 6 percent for ticket sales and maintains the 3 percent tax on broadcasting and digital streaming rights, with a cap of $50,000 per event. The bill takes effect immediately and allows for any necessary rules or regulations to be implemented by the effective date.