|
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| Jan 05, 2022 |
referred to budget and revenue |
| May 21, 2021 |
print number 5652a |
| May 21, 2021 |
amend (t) and recommit to budget and revenue |
| Mar 15, 2021 |
referred to budget and revenue |
Senate Bill S5652A
2021-2022 Legislative Session
Sponsored By
(D, WF) 21st Senate District
Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
co-Sponsors
(D) Senate District
2021-S5652 - Details
2021-S5652 - Sponsor Memo
BILL NUMBER: S5652
SPONSOR: PARKER
TITLE OF BILL:
An act to amend the tax law, in relation to creating tax parity by
imposing an eight and one-half percent tax on all combative sport event
ticket sales
PURPOSE OR GENERAL IDEA OF THE BILL:
This Bill provides parity in the tax of gross receipts from tickets
sales imposed upon combative sports and requires revenue generated from
digital streaming of professional and amateur boxing, sparring and wres-
tling matches or exhibitions to subject to taxation.
SUMMARY OF PROVISIONS:
Section one of the bill amends Section 452 of the tax law, as it relates
to changing the taxation of gross receipts from ticket sales at any
professional or amateur boxing, sparring or wrestling match or exhibi-
2021-S5652 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
5652
2021-2022 Regular Sessions
I N S E N A T E
March 15, 2021
___________
Introduced by Sens. PARKER, BENJAMIN -- read twice and ordered printed,
and when printed to be committed to the Committee on Budget and Reven-
ue
AN ACT to amend the tax law, in relation to creating tax parity by
imposing an eight and one-half percent tax on all combative sport
event ticket sales
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 1 of section 452 of the tax law, as amended by
chapter 32 of the laws of 2016, is amended to read as follows:
1. On and after October first, nineteen hundred ninety-nine, a tax is
hereby imposed and shall be paid upon the gross receipts of every person
holding any professional or amateur boxing, sparring or wrestling match
or exhibition in this state. Such tax shall be imposed on such gross
receipts, exclusive of any federal taxes, as follows:
(a) [three] EIGHT AND ONE-HALF percent of gross receipts from ticket
sales[, except that in no event shall the tax imposed by this paragraph
exceed fifty thousand dollars for any match or exhibition];
(b) three percent of THE SUM OF: (I) gross receipts from broadcasting
rights, AND (II) GROSS RECEIPTS FROM DIGITAL STREAMING OVER THE INTER-
NET, except that in no event shall the tax imposed by this paragraph
exceed fifty thousand dollars for any match or exhibition.
§ 2. This act shall take effect immediately and shall apply to taxes
imposed on and after such effective date. Effective immediately the
addition, amendment and/or repeal of any rule or regulation necessary
for the implementation of this act on its effective date are authorized
to be made and completed on or before such date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04416-01-1
co-Sponsors
(D) Senate District
2021-S5652A (ACTIVE) - Details
2021-S5652A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5652A
SPONSOR: PARKER
TITLE OF BILL:
An act to amend the tax law, in relation to the imposition of tax on
combative sport event ticket sales
PURPOSE OR GENERAL IDEA OF BILL:
This legislation would reduce the tax on the gross receipts of Mixed
Martial Arts exhibition ticket sales from 8.5 percent to 5 percent.
SUMMARY OF SPECIFIC PROVISIONS:
Section one of the bill amends Section 452 of the tax law, as it relates
to changing the taxation of gross receipts from ticket sales at any
mixed martial arts exhibitions from eight and one-half percent to five
percent.
Section two of the bill relates to the effective date
2021-S5652A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
5652--A
2021-2022 Regular Sessions
I N S E N A T E
March 15, 2021
___________
Introduced by Sens. PARKER, BENJAMIN -- read twice and ordered printed,
and when printed to be committed to the Committee on Budget and Reven-
ue -- committee discharged, bill amended, ordered reprinted as amended
and recommitted to said committee
AN ACT to amend the tax law, in relation to the imposition of tax on
combative sport event ticket sales
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 2 of section 452 of the tax law, as added by
chapter 32 of the laws of 2016, is amended to read as follows:
2. On and after the effective date of this subdivision, a tax is here-
by imposed and shall be paid upon the gross receipts of every person
holding any authorized combative sport in this state, other than any
professional or amateur boxing, sparring or wrestling exhibition or
match, exclusive of any federal taxes as follows:
(a) [eight and one-half] FIVE percent of gross receipts from ticket
sales; and
(b) three percent of the sum of (i) gross receipts from broadcasting
rights, and (ii) gross receipts from digital streaming over the inter-
net, except that in no event shall such tax imposed pursuant to this
paragraph exceed fifty thousand dollars for any match or exhibition.
§ 2. This act shall take effect immediately and shall apply to taxes
imposed on and after such effective date. Effective immediately the
addition, amendment and/or repeal of any rule or regulation necessary
for the implementation of this act on its effective date are authorized
to be made and completed on or before such date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04416-03-1
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