452 - Imposition of tax. - New York Statutes

§ 452. Imposition of tax. 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 subdivision exceed fifty thousand dollars for any match or exhibition; (b) three percent of gross receipts from broadcasting rights, except that in no event shall the tax imposed by this subdivision exceed fifty thousand dollars for any match or exhibition.