New Hampshire Revised Statutes 285:14 – Tax and Report
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I. Any promoter who sponsors a professional fighting sports competition under this chapter shall, within 72 hours after the competition file with the commission a written report. The report shall include the number of tickets sold, the amount of gross receipts and other facts as the commission may require.
II. The promoter also shall, at the same time, pay to the office of professional licensure and certification by certified check a tax of 5 percent of the gross receipts of paid admissions after deduction of any federal taxes. Payments made pursuant to this section shall be deposited into a dedicated fund, which shall lapse annually at the close of each fiscal year to the general fund.
II. The promoter also shall, at the same time, pay to the office of professional licensure and certification by certified check a tax of 5 percent of the gross receipts of paid admissions after deduction of any federal taxes. Payments made pursuant to this section shall be deposited into a dedicated fund, which shall lapse annually at the close of each fiscal year to the general fund.
Terms Used In New Hampshire Revised Statutes 285:14
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.