A10105 — Enacts the "sporting event promotion act"

Summary

Provides tax exemptions for certain receipts involving sporting events sponsored by an international federation recognized by the International Olympic Committee.

Bill Text

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Compared against the New York Consolidated Laws as published AI-generated reading aid — verify against the official bill.

This bill amends 1 section(s) of the New York Consolidated Laws: Section 1115 of the tax law.

• Section 1115 of the tax law

  (mm) (1) For the purposes of this subdivision, the following terms shall have the following meanings: (A) "Covered event" means a multi-sport or single-sport sporting event conducted in whole or in part within New York state that: (i) is organized, sanctioned, or conducted pursuant to the technical rules and authority of an international federation recognized by the International Olympic Committee or the International Paralympic Commit- tee; and (ii) is designated as a covered event by the commissioner of empire state development pursuant to paragraph two of this subdivision. Provided, however, that "covered event" shall not include: (1) any event conducted primarily by, or under the commercial authori- ty of, a professional sports league or league-affiliated entity that operates a closed, franchise-based, or membership-guaranteed competi- tion; (2) any senior professional sporting event conducted primarily for commercial profit, including events that provide guaranteed prize money, appearance fees, or purses in excess of thresholds established by the commissioner by regulation; (3) any international or domestic world championship tournament in soccer or football commonly known as a "World Cup," including any substantially similar successor or derivative event, regardless of italics whether such event is conducted by an international federation recog- nized by the International Olympic Committee; (4) any event primarily promoted or conducted by a for-profit promoter involving boxing, mixed martial arts, kickboxing, or any other combat sport; or (5) any motorsport or auto-racing event, including competitions conducted as part of a professional racing series or championship. (B) "Covered organization" means: (i) an international federation recognized by the International Olym- pic Committee or the International Paralympic Committee; or (ii) an organizing committee, local organizing entity, or special-pur- pose vehicle authorized or established by such federation to plan, bid for, stage, or deliver a covered event. (C) "Accredited person" means an athlete, coach, judge, referee, tech- nical official, federation official, team medical staff, accredited media, accredited workforce, or other individual who is issued an event credential by a covered organizing committee for official duties at a covered event. (D) "Official use" means use that is necessary, customary, or reason- ably related to participation in, officiating, producing, administering, or broadcasting a covered event. (E) "Temporary import" means tangible personal property brought into New York state for official use in a covered event and removed from New York state within one hundred eighty days after the end date of such covered event, as determined under rules of the commissioner of taxation and finance. (2) The commissioner of empire state development, in consultation with the commissioner of taxation and finance, shall promulgate rules for designation of a covered event and verification of accredited status. The commissioner shall construe this subdivision to advance interna- tional amateur, Olympic, and Paralympic sport development and shall not designate events whose primary purpose is commercial professional enter- tainment. (3) Receipts from and the use of tangible personal property and taxa- ble services purchased for official use in connection with a covered event shall be exempt from the tax on retail sales imposed under section eleven hundred five and the compensating use tax imposed under section eleven hundred ten of this article provided that such purchase is made by: (A) a covered organization; or (B) an accredited person, to the extent such purchase is for official use and is supported by documentation in the form prescribed by the commissioner. (4) The exemption in this subdivision shall include temporary imports used for official use in connection with a covered event, and the exer- cise of any right or power over such temporary imports, provided su

  added

Action History

1. February 02, 2026

   REFERRED TO WAYS AND MEANS

Sponsors

• Robert C. Carroll · Primary

Subjects