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Senate Bill 0262


Senate Bill 0262

ARCHIVE (2010)

Latest Information

 

DIGEST OF SB 262 (Updated March 4, 2010 12:54 pm - DI 58)


Closed circuit video taxation. Reduces the tax from 5% to 3% of the gross receipts received from providing a professional public boxing, sparring, or unarmed combat match or exhibition for viewing in Indiana on a closed circuit telecast, pay per view telecast, or subscription television. Limits the tax to $50,000 for each event. Provides that interest earned on the athletic commission fund be deposited in the state general fund. Provides that revenue from the tax must be deposited in the state general fund. Permits the budget agency to augment appropriations from the athletic commission fund to the gaming commission to regulate boxing, sparring, unarmed combat, and any other form of mixed martial arts. Provides that the athletic commission may waive the tax on complimentary admissions for actual attendance to a match or exhibition. Deletes the exemption for showings at a private residence.
    Current Status:
     Law Enacted
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