OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sHB-6266

AN ACT CONCERNING BOXING EVENTS AND MIXED MARTIAL ARTS MATCHES.


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 18 $

FY 19 $

Emergency Services and Public Protection, Dept.

GF - Revenue Loss

Less than 18,750

Less than 25,000

Note: GF=General Fund

Municipal Impact: None

Explanation

The bill eliminates the gross receipts tax on boxing and makes various changes to promoters' liability to pay health costs in mixed martial arts matches. This results in a General Fund revenue loss of less than $18,750 in FY 18 and less than $25,000 annually thereafter.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.

Sources:

Core-CT Financial Accounting System