Bill > S06193

This bill amends the New York tax law to change the tax rates on gross receipts from ticket sales, broadcasting rights, and digital streaming of combative sport events. Specifically, it removes the $50,000 cap on the 3% tax on ticket sales, increases the tax rate on broadcasting rights and digital streaming from 3% to 5%, and reduces the tax rate on ticket sales for non-boxing/wrestling combative sports from 8.5% to 5%. The bill takes effect immediately and applies to taxes imposed on or after the effective date.