Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
John Keel, Director, Legislative Budget Board
SB909 by Lucio (Relating to the regulation of combative sports; providing penalties.), As Introduced
|Fiscal Year||Probable Net Positive/(Negative) Impact to General Revenue Related Funds|
|Fiscal Year||Probable Revenue Gain/(Loss) fromGENERAL REVENUE FUND
The Texas Department of Licensing and Regulation anticipates an increase in collections of $11,250 each year for the gross receipts tax for boxing events. This estimate assumes an average broadcast rights fee of $15,000 per event, for 25 boxing matches.
The agency anticipates an increase of $1,050 in fee collections each year for registration of ringside physicians. This estimate assumes a registered population of 35 in fiscal year 2004 that would increase by two each year from fiscal year 2005-07 and by one in fiscal year 2008, with annual licensing fees of $30 per individual for both new and renewal licenses. The agency could absorb any additional costs associated with these licensees within current resources.
The agency assumes that any reduction in the number of events related to a prohibition against elimination tournaments would be offset by an increase in the number of other types of boxing events.
212 Office of Court Administration, Texas Judicial Council, 452 Department of Licensing and Regulation
JK, JRO, RT, RB