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re: New state law requires all ticketed events to be taxed- including athletics
Posted on 4/28/16 at 9:59 am to FalseProphet
Posted on 4/28/16 at 9:59 am to FalseProphet
quote:
1. What is the change in the law regarding admissions to school athletic/entertainment events and the sales of food and tangible personal property at these events? Previously, there was a sales tax exclusion from state sales tax for admissions to amusement events, athletic entertainment events, and recreational events of schools, colleges, and universities. The new law imposes state sales tax on these events of schools, colleges, and universities at the following rates: Period State Sales Tax Rates 4/1/2016-6/30/2016 5% 7/1/2016-6/30/2018 3% 7/1/2018-3/31/2019 0% State sales tax should be charged upon the sales of concessions and other items of tangible personal property as well.
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