The New York Senate committee will consider a bill to lower the tax rate on ticket sales for Ultimate Fighting Championship (UFC) matches held at Madison Square Garden. The proposed legislation aims to make New York more competitive with neighboring states and attract more UFC events.
| Key Points |
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| The New York Senate committee will consider a bill to lower the tax rate on ticket sales for UFC matches at Madison Square Garden. |
| The proposed legislation aims to reduce the tax from 8.5% to 5%. |
| Supporters argue that the current tax rate puts New York at a disadvantage compared to neighboring states. |
| Lowering the tax could attract more UFC events to the state. |
The state Senate committee in New York is set to consider a bill that would lower the tax rate on ticket sales for Ultimate Fighting Championship (UFC) matches held at Madison Square Garden. The proposed legislation, known as S6620, aims to reduce the tax from 8.5% to 5%. Supporters of the bill argue that the current tax rate puts New York at a disadvantage compared to neighboring states like Connecticut and New Jersey, and that a lower tax would attract more UFC events to the state. The Senate Budget and Revenue Committee is scheduled to discuss the bill on Tuesday.
