BILL NUMBER: S6620REVISED 3/6/24
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 3 percent.
 
SUMMARY OF SPECIFIC PROVISIONS:
Section one of the bill amends subdivision 2 of section 452 of the tax
law, as it relates to changing the taxation of gross receipts from tick-
et sales at any mixed martial arts exhibitions from eight and one-half
percent to three percent.
Section two of the bill provides the effective date.
 
JUSTIFICATION:
Currently, ticket sales from professional and amateur mixed martial arts
events held in New York are taxed at a higher percentage than surround-
ing states. Our current tax rate of 8.55 on ticket sales of mixed
martial arts events makes New York one of the highest tax environments
in the country and significantly higher than our neighboring jurisdic-
tions. The current tax rate makes New York uncompetitive with neighbor-
ing markets such as New Jersey and Connecticut. This bill would create a
more competitive tax environment for mixed martial arts events which
could potentially drive more events to be held throughout New York in
the future.
 
PRIOR LEGISLATIVE HISTORY:
2021-22: S5652A - Referred to Budget and Revenue
2019-20: S5752 - Referred to Budget and Revenue
 
FISCAL IMPLICATIONS:
To be determined
 
EFFECTIVE DATE:
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.

Statutes affected:
S6620: 452 tax law, 452(2) tax law