Senate Bill S4226

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4226
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             February 3, 2025
                                ___________
 
 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 taxes on gross receipts from
   ticket sales, broadcasting  rights  and  digital  streaming  over  the
   internet of combative sport events

   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 and paragraph (a) of subdivision 2 as amended by section  1
 of  part  RR  of  chapter  56 of the laws of 2024, 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 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. 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) [three] FIVE percent of gross receipts from ticket sales; and

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07877-01-5
 S. 4226                             2
              

 
   (b) [three] FIVE percent of the sum of (i) gross receipts from  broad-
 casting  rights, and (ii) gross receipts from digital streaming over the
 internet, except that in no event shall such  tax  imposed  pursuant  to
 this  paragraph  exceed  fifty thousand dollars for any match or exhibi-
 tion.
   §  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 effective date.