NY State Senate Bill 2023-S7949

Senate Bill S7949

2023-2024 Legislative Session

Relates to creating tax parity by imposing an eight and one-half percent tax on all combative sport event ticket sales

download bill text pdf

Current 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

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 04, 2024	referred to budget and revenue

2023-S7949 (ACTIVE) - Details

Current Committee:: Senate Budget And Revenue
Law Section:: Tax Law
Laws Affected:: Amd §452, Tax L
Versions Introduced in 2021-2022 Legislative Session:: S9070

2023-S7949 (ACTIVE) - Summary

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

2023-S7949 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S7949

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 be subject to taxation.

 
SUMMARY OF PROVISIONS:

Section 1 amends section 452 of the tax law as found in chapter 32 of
the 2016 laws as follows:

Section 452 sets forth the date from which the tax shall be imposed as

on and after October first nineteen hundred and ninety nine. This
section further sets forth the entities whereby their gross receipts
shall be taxed as any professional or amateur wrestling, sparring or
wrestling match or exhibition.

Subsection 452a sets forth the tax percentage of gross receipts as eight
and one-half percent, and mandates that these tax impositions shall not
exceed fifty thousand dollars for any singular match or exhibition.

Subsection 452b sets forth the tax percentage of the gross receipts from
broadcasting rights and internet digital streaming as eight and one-half
percent, and mandates that the sum of tax impositions from these enti-
ties not exceed fifty thousand dollars.

Subsection 2 further specifies that this tax imposition apply to all
combative sports hosted in the state; exclusive of any professional or
amateur wrestling, sparring or wrestling match or exhibition.

Subsection 2a sets forth the tax percentage of gross receipts as eight
and one-half percent.

Section 2 sets forth the effective date.

 
JUSTIFICATION:

Currently, ticket sales from professional and amateur mixed martial arts
events are taxed at a higher percentage than other combative sports such
as boxing or wrestling. This bill creates tax parity between the differ-
ent combative sports.

 
LEGISLATIVE HISTORY:

2021-22: S9070 - Referred to Budget and Revenue

 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:

Increase in tax revenue from combative sporting events.
 
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to taxes imposed
on and after such effective date.

2023-S7949 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7949
 
                             I N  S E N A T E
 
                              January 4, 2024
                                ___________
 
 Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 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. Section 452 of the tax law, as amended by chapter 32 of the
 laws of 2016, is amended to read as follows:
   §  452.  Imposition  of  tax.  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] EIGHT AND  ONE-HALF  percent  of  THE  SUM  OF  (I)  gross
 receipts  from broadcasting rights, AND (II) GROSS RECEIPTS FROM DIGITAL
 STREAMING OVER THE INTERNET, except that  in  no  event  shall  the  tax
 imposed by this paragraph exceed fifty thousand dollars for any match or
 exhibition.
   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 percent of gross receipts  from  ticket  sales;
 and
   (b)  [three]  EIGHT  AND  ONE-HALF  percent  of  the  sum of (i) gross
 receipts from broadcasting rights, and (ii) gross receipts from  digital
 streaming  over  the  internet,  except  that in no event shall such tax
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11840-01-3

 S. 7949                             2
 
 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.

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