WeVote
Log In

Bill

Bill

S 4226

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

2025 Regular Session Introduced by Kevin Parker

Bill S 4226 imposes taxes on gross receipts from ticket sales, broadcasting rights, and digital streaming of combative sports, generating new state revenue.

REFERRED TO BUDGET AND REVENUE
0
WeVote Research Nonpartisan
Bill Summary · S 4226

Summary of Bill S 4226

Bill Information

  • Bill Number: S 4226
  • Title: Relates to taxes on gross receipts from ticket sales, broadcasting rights, and digital streaming over the internet of combative sport events
  • Status: Referred to Budget and Revenue
  • Introduced: February 03, 2025
  • Classification: Bill

Purpose and Intent

Bill S 4226 aims to establish a framework for taxing gross receipts generated from various revenue streams associated with combative sports events. This includes ticket sales, broadcasting rights, and digital streaming services. The intent of the bill is to create a new revenue source for the state while ensuring that the growing market of digital and broadcast sports is appropriately taxed.

Key Provisions

  • Tax Imposition: The bill proposes a specific tax rate on gross receipts from:
    • Ticket sales for combative sports events
    • Broadcasting rights sold to networks and platforms
    • Digital streaming services that provide access to combative sports events over the internet
  • Definition of Combative Sports: The bill will define what constitutes combative sports, potentially including boxing, mixed martial arts, and other similar events.
  • Revenue Allocation: The bill may outline how the generated tax revenue will be allocated, although specific details on allocation are not provided in the current version.

Affected Parties

  • Event Organizers: Promoters and organizers of combative sports events will be directly impacted as they will need to account for the new tax in their financial planning.
  • Broadcasting Networks: Companies that acquire broadcasting rights for these events will also be affected by the tax on their gross receipts.
  • Streaming Platforms: Digital platforms that stream combative sports will need to adjust their pricing and revenue models to accommodate the new tax.

Procedural Aspects

  • Current Status: As of February 3, 2025, the bill has been referred to the Budget and Revenue committee for further consideration.
  • Related Legislation: This bill is related to prior-session bills S 4881 and S 6193, which may provide context or precedent for the current proposal.

Conclusion

Bill S 4226 represents a significant step towards regulating and taxing the lucrative market of combative sports. By targeting multiple revenue streams, the bill seeks to ensure that the state benefits from the financial success of these events while providing a clear framework for taxation. The ongoing discussions in the Budget and Revenue committee will be crucial in shaping the final form of the legislation.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.