Bill > S04226

This bill modifies the tax law related to gross receipts from combative sporting events by increasing tax rates and expanding the definition of taxable revenue streams. Specifically, for professional and amateur boxing, sparring, and wrestling matches, the bill removes the previous cap on ticket sale tax and maintains the three percent tax rate. For other authorized combative sports, the bill increases the tax rate from three to five percent on both ticket sales and combined broadcasting rights and digital streaming revenues. The tax will still be limited to a maximum of fifty thousand dollars per match or exhibition. The new tax provisions will apply to events held on or after the bill's effective date, with immediate implementation authorized. The bill aims to generate more tax revenue from combative sporting events by broadening the taxable income sources and raising the applicable tax rates across different types of combat sports.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S4226