Bill > S05966

This bill creates tax parity by modifying existing tax law to impose a six percent tax (increased from the previous three percent) on ticket sales for both professional/amateur boxing, sparring, wrestling matches and other authorized combative sport events. The bill also maintains the existing three percent tax on gross receipts from broadcasting rights and digital streaming over the internet for these events, with a cap of fifty thousand dollars per match or exhibition. Previously, the law had a provision limiting the ticket sales tax to no more than fifty thousand dollars, which has now been removed. The bill applies to both boxing, wrestling, and sparring events as well as other authorized combative sports, ensuring a consistent tax rate across different types of combat sporting events. The tax changes will take effect immediately upon the bill's passage and will apply to taxes imposed from that date forward.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S5966