Relates to taxes on gross receipts from ticket sales, broadcasting rights and digital streaming over the internet of combative sport events

This bill imposes new taxes on revenue from combative sports events held in New York. It requires organizers to pay a 3% tax on ticket sales and 3% on broadcasting/digital streaming revenue for boxing, wrestling, and sparring events (capped at $50,000 per event). For other combative sports (like MMA), it imposes a 5% tax on both ticket sales and broadcasting/streaming revenue, also capped at $50,000 per event. The tax applies immediately to revenue generated on or after the effective date.