Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 23, 2018 |
referred to investigations and government operations |
Senate Bill S8836
2017-2018 Legislative Session
Sponsored By
(R, C) 53rd Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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
2017-S8836 (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §452, Tax L
2017-S8836 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8836 SPONSOR: GRIFFO TITLE OF BILL: An act to amend the tax law, in relation to the impo- sition of tax on combative sport matches or exhibitions PURPOSE: To refine provisions of Chapter 32 of the Laws of 2016. SUMMARY OF PROVISIONS: Section one amends section 452 of the tax law to refine provisions of Chapter 32 of the Laws of 2016 with regard to gross receipts tax on combative sports matches. Section two provides the effective date. JUSTIFICATION:
2017-S8836 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8836 I N S E N A T E May 23, 2018 ___________ Introduced by Sen. GRIFFO -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to the imposition of tax on combative sport matches or exhibitions 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, COMBATIVE SPORT 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 percent of gross receipts from ticket sales, except that in no event shall the tax imposed by this [paragraph] SUBDIVISION 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] SUBDIVISION exceed fifty thousand dollars for any match or exhibition. [2. On and after the effective date of this subdivision, a tax is hereby 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 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 all taxable years beginning on or after January 1, 2019.
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