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NY A05254

Bill

Official Source

Status

Introduced

3/7/2023

Primary Sponsor

Kenneth Zebrowski

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Reduces the tax rate on gross receipts from combative sport event ticket sales from 8.5 percent to 3 percent
  • Applies to all authorized combative sports in New York State except professional and amateur boxing, sparring, or wrestling exhibitions and matches
  • Maintains the existing 3 percent tax on broadcasting rights and digital streaming revenues, capped at $50,000 per match or exhibition
  • Takes effect immediately upon enactment and applies to all taxes imposed after the effective date
  • Authorizes the Department of Taxation and Finance to adopt necessary rules and regulations for implementation

Legislative Description

Reduces the tax on combative sport event ticket sales to three percent.

Last Action

enacting clause stricken

7/15/2024

Committee Referrals

Ways and Means3/7/2023

Full Bill Text

No bill text available