§ 41-5.2-27. Tax on admissions.
(a) Every licensee holding or conducting any professional, mixed martial arts event 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 a professional, mixed martial arts event 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 re
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§ 41-5.2-27. Tax on admissions.
(a) Every licensee holding or conducting any professional, mixed martial arts event 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 a professional, mixed martial arts event 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 § 41-5.2-25. 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 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 other data as the division may direct. 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.