Relates to creating tax parity by imposing an eight and one-half percent tax on all combative sport event ticket sales

This bill imposes an 8.5% tax on ticket sales for all combative sports events in New York, including boxing, wrestling, and similar matches, with a $50,000 maximum tax per event. It also applies the same 8.5% tax to broadcasting and digital streaming revenue from these events, capped at $50,000 per event. The tax applies to both traditional combative sports (like boxing) and other authorized combative sports events held in the state. Event organizers and venues hosting these events will directly pay this tax on ticket sales and media rights revenue. The law takes effect immediately upon enactment.