§ 54-411 — STATEMENT AND REPORT OF EVENT — TAX ON GROSS RECEIPTS

Idaho § 54-411

• Jurisdiction: Idaho
• Title 54: PROFESSIONS, VOCATIONS, AND BUSINESSES
• Ch. 4: STATE ATHLETIC COMMISSION

Text

(1) Any promoter as herein provided shall, at least seven (7) days prior to the holding of any contest or exhibition, file with the commission a statement setting forth the name of each combatant, his manager or managers, the total number of tickets available for the contest or exhibition and such other information as the commission may require. The promoter shall pay to the commission at the time of the sanctioning permit application an initial event tax of one thousand dollars ($1,000). Within seventy-two (72) hours after the termination of any contest or exhibition the promoter shall file with the commission representative a gross receipts report, duly verified as the commission may require showing the number of tickets sold for such contest or exhibition, the price charged for such tickets and the gross receipts thereof without any deduction whatsoever, and such other and further information as the commission may require. If the initial event tax previously paid is less than nine percent (9%) of the gross receipts for the event, then the promoter shall pay to the commission at the time of filing the above report an additional event tax equal to nine percent (9%) of the gross receipts, minus the initial event tax previously paid, for deposit by the commission.
(2) All tickets for any contest or exhibition shall be issued, sold and distributed by an independent ticket distributor or broker not associated with the promoter and not associated with the venue unless approved by the commission. The number of complimentary tickets shall be limited to two percent (2%) of the total tickets sold per event location. All complimentary tickets exceeding this set amount shall be subject to taxation. The promoter shall limit the number of persons admitted to the event to the number of available tickets that are actually sold, given away or otherwise issued for the event.
(3) Gross receipts reports signed under oath shall also include:
(a) The name of the promoter;
(b) The contest or exhibition sanctioning permit number;
(c) The promoter’s business address and any license or sanctioning permit number required of such promoter by law;
(d) Gross receipts as specified by this section, during the period specified by this section; and
(e) Such further information as the commission may require to enable it to compute correctly and collect the assessment levied pursuant to this section.
(4) In addition to the information required on gross receipts reports, the commission may request, and the promoter shall furnish, any information deemed necessary for a correct computation of the assessment levied pursuant to this section.
(5) All levies pursuant to this section shall be collected by the commission and shall be deposited in the state treasury to the credit of the occupational licenses fund.
(6) The moneys collected from the assessment levied pursuant to the provisions of this section shall be in addition to all other revenues and funds received by the commission.
(7) The promoter shall compute and pay to the commission the required assessment due. If the payment of the assessment is not postmarked or delivered to the commission as specified in subsection (1) of this section, the assessment shall be delinquent from such date. In addition, if the promoter has not paid the initial event tax as provided in subsection (1) of this section, the promoter shall not hold the event.
(8) Of the moneys collected by the commission pursuant to the tax authorized in subsection (1) of this section, up to five percent (5%) of said tax may be used by the commission for the promotion and support of amateur contests and exhibitions in this state. All parties interested in receiving a distribution must submit an application to the commission which shall include the name of the person or entity applying and a detailed description of what the applicant intends to do with the distribution if granted. The commission shall consider all applications and assign distributions, if any, at the end of each fiscal year to those applicants the commission deems most qualified. The commission may make such distributions only if the commission has a positive balance within the occupational licenses fund and sufficient revenue to cover its projected expenses for the upcoming year.
(9) It shall be the duty of every promoter required to make a gross receipts report and pay any assessment pursuant to the provisions of this section to keep and preserve suitable records and documents which may be necessary to determine the amount of assessment due as will substantiate and prove the accuracy of such reports. All such records shall be preserved for a period of three (3) years, unless the commission, in writing, has authorized their destruction or disposal at an earlier date, and shall be open to examination at any time by the commission or by its authorized agents.
(10) In the event the state athletic commission’s debt owed to the division of occupational and professional licenses exceeds two hundred thousand dollars ($200,000), the commission’s operations will be suspended, including issuance of licenses and permits. In order for the commission’s operations to be reinstated all outstanding debt owed to the division of occupational and professional licenses must be paid in full.

Legislative History

[(54-411) 54-409, added 1992, ch. 229, sec. 2, p. 682; am. and redesig. 2004, ch. 385, sec. 11, p. 1155; am. 2007, ch. 149, sec. 8, p. 451; am. 2008, ch. 113, sec. 1, p. 317; am. 2009, ch. 93, sec. 7, p. 276; am. 2010, ch. 311, sec. 5, p. 836; am. 2013, ch. 345, sec. 2, p. 931; am. 2022, ch. 94, sec. 11, p. 291.]