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NY A11269

Bill

Official Source

Status

Introduced

7/25/2018

Primary Sponsor

Kenneth Zebrowski

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Increases the tax on gross receipts from ticket sales for professional and amateur boxing, sparring, and wrestling matches from 3 percent to 8.5 percent
  • Removes the $50,000 cap on ticket sales tax that previously limited tax liability per match or exhibition
  • Expands the 3 percent tax on broadcasting rights to also include digital streaming over the internet
  • Maintains the $50,000 cap on combined taxes from broadcasting rights and digital streaming revenues per match or exhibition
  • Takes effect immediately upon enactment

Legislative Description

Creates tax parity by imposing an eight and one-half percent tax on all combative sport event ticket sales.

Last Action

referred to ways and means

7/25/2018

Committee Referrals

Ways and Means7/25/2018

Full Bill Text

No bill text available