SUMMARY--Increases fee for promotion of amateur boxing contests, matches or exhibitions. (BDR 41-1506)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State or on Industrial Insurance: No.
EXPLANATION - Matter in italics is new; matter in brackets [ ] is material to be omitted.
AN ACT relating to boxing; increasing the fee for the promotion of amateur boxing contests, matches or exhibitions; and providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1 NRS 467.108 is hereby amended to read as follows:
467.108 1. In addition to the payment of any other fees or taxes required by this chapter, a promoter shall pay to the commission a fee of [$0.50] $1 for each ticket sold for admission to a live professional boxing contest, match or exhibition which is held in this state.
2. The money collected pursuant to subsection 1 must be used by the commission to award grants to organizations which promote amateur boxing contests or exhibitions in this state.
3. The commission shall adopt by regulation the manner in which:
(a) The fees required by subsection 1 must be paid.
(b) Applications for grants may be submitted to the commission and the standards to be used to award grants to organizations which promote amateur boxing contests or exhibitions in this state.
Sec. 2 This act becomes effective on July 1, 1997.