§ 1113. Tax on professional boxing contests
Any person holding or conducting a professional boxing match shall notify the Director not less than five days in advance of the holding of the match, and after the match is concluded shall immediately pay to the Director a sum, designated as a gate tax, which shall be an amount equal to five percent of the gross receipts, exclusive of any federal tax thereon. Gate tax shall be deposited in the Professional Regulatory Fee Fund and used to carry out the provisions of this chapter. Payments required by this section shall be accompanied by reports in the form required by the Director. All tickets of admission to a professional boxing match shall bear clearly the purchase price on the face of the ticket. (Added 1999, No. 133 (Adj. Sess.), § 37, eff. Jan. 1, 2001.)
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