§ 41-5-15. Tax on admissions — Accounting and payment — State inspector.
(a) Every licensee holding or conducting any professional boxing or sparring match or
exhibition shall, after its conclusion, pay to the general treasurer for the use of
the state a sum equal to five percent (5%) of the total gross receipts from the sale
of tickets and from admission fees; provided, however, that every licensee holding
or conducting any amateur boxing or sparring match or exhibition shall, at its conclusion,
pay to the general treasurer a sum equal to five percent (5%) of the gross receipts
up to one thousand dollars ($1,000) and five percent (5%) of the
Free access — add to your briefcase to read the full text and ask questions with AI
§ 41-5-15. Tax on admissions — Accounting and payment — State inspector.
(a) Every licensee holding or conducting any professional boxing or sparring match or
exhibition shall, after its conclusion, pay to the general treasurer for the use of
the state a sum equal to five percent (5%) of the total gross receipts from the sale
of tickets and from admission fees; provided, however, that every licensee holding
or conducting any amateur boxing or sparring match or exhibition shall, at its conclusion,
pay to the general treasurer a sum equal to five percent (5%) of the gross receipts
up to one thousand dollars ($1,000) and five percent (5%) of the balance of the gross
receipts; provided, further, however, that if the match or exhibition is conducted
as an incidental feature in an event or entertainment of a different character, the
portion of the total receipts shall be paid to the state as the division of gaming
and athletics licensing may determine or as may be fixed by rule adopted under § 41-5-22. Within seventy-two (72) hours after the conclusion of the match or exhibition, the
licensee shall furnish to the division a report, sworn under oath upon the pains and
penalties of perjury, showing the exact number of tickets sold and admission fees
collected for the contest, and the gross receipts thereof, and such other data as
the division may require. All fees for licenses and other income of the division shall
be turned over to the general treasurer for the use of the state. No licensee shall
distribute more than fifty (50) complimentary tickets in any one event.
(b) For each match or exhibition, the division, through its inspector and upon the conclusion
of the collection of admission fees for the match or exhibition, may examine the box-office
admission figures, the admission statements maintained by, or on behalf of, the licensee,
and such other data as the division may direct. Forthwith upon the conclusion of the
match or exhibition, the licensee shall tender to the state inspector the sums mentioned
in this section. Written acceptance of the tender shall be signed by the inspector
and counter signed by the licensee or an agent of the licensee.