Bill
Bill > S06620
summary
Introduced
05/01/2023
05/01/2023
In Committee
02/27/2024
02/27/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to the imposition of tax on combative sport event ticket sales
AI Summary
This bill amends the New York tax law to reduce the tax on combative sport event ticket sales from 8.5% to 3%. Combative sports refer to professional or amateur boxing, sparring, or wrestling exhibitions or matches. The bill also maintains the 3% tax on gross receipts from broadcasting rights and digital streaming, but caps the total tax at $50,000 per match or exhibition. The bill will take effect immediately and apply to taxes imposed on or after the effective date.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
REPORTED AND COMMITTED TO FINANCE (on 02/27/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S6620 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S06620&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S06620 |
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