Bill > S06034

This bill amends the tax law to create tax parity by imposing a six percent tax on all combative sport event ticket sales, as well as taxes on the gross receipts from broadcasting rights and digital streaming over the internet of combative sport events. The existing tax on professional or amateur boxing, sparring, or wrestling matches or exhibitions is increased from three percent to six percent of gross receipts from ticket sales, and a three percent tax is imposed on gross receipts from broadcasting rights and digital streaming. The bill also reduces the tax on other authorized combative sport events from 8.5 percent to 6 percent of gross receipts from ticket sales, and imposes the 3 percent tax on broadcasting rights and digital streaming for those events as well.