Reduces the tax on combative sport event ticket sales to three percent

This bill lowers the sales tax on tickets for combative sports events in the state from 8.5% to 3%. It directly affects organizers of events such as mixed martial arts, kickboxing, and other fighting competitions, while explicitly excluding professional or amateur boxing, sparring, and wrestling. The law also reduces the tax on revenue from broadcasting and digital streaming for these events to 3%, with a cap of $50,000 per match. These changes apply immediately to any taxes collected on or after the bill's effective date.