New Jersey § 5:2a-20

§ 5:2a-20.

a. Every promoter shall, within seven days, exclusive of Saturdays, Sundays and legal

holidays, after the conclusion of an exhibition, event, performance or contest, furnish

to the board at such place as it may prescribe, a duly verified written report of

the exact amount of tickets either sold or issued as complimentary tickets for the

exhibition, event, performance or contest, the gross proceeds thereof and such other

matters as the board may prescribe. b. The board shall determine and fix the number of complimentary tickets for each

exhibition, event, performance or contest. All complimentary tickets shall include upon the face of the ticket the price of

the ticket and shall be printed or otherwise labeled as a complimentary ticket. The price shall be deemed to be the value of each ticket of the same kind for which

the ticket normally would be offered for sale if it was not issued as a complimentary

ticket. It shall be a crime of the fourth degree to sell, offer to sell or receive with

the intent to sell a ticket which was originally issued as a complimentary ticket. c. Every promoter who holds any boxing, wrestling, but not including extreme wrestling, kick boxing or combative sports exhibition, event, performance or contest shall,

within seven days, exclusive of Saturdays, Sundays and legal holidays, after the conclusion

thereof, pay to the board a tax: (1) On the total gross receipts from the sale of tickets and on the face value of

all tickets issued as complimentary tickets, as follows: 3% of the first $25,000.00

derived from those tickets; 4% of the next $50,000.00 derived from those tickets;

5% of the next $125,000.00 derived from those tickets; and 6% of any amount derived

from those tickets exceeding $200,000.00, except that in no event shall any tax assessed

under the provisions of this subsection exceed $100,000.00 for each exhibition, event,

performance or contest; (2) On any moneys received by reason of the lease or sale of television, including

cable television and closed circuit television, moving picture or radio rights in

connection with any such exhibition or performance a tax of 5% of the first $50,000.00

derived from the lease or sale of television, moving picture or radio rights; 3%

of the next $100,000.00 derived from the lease or sale of those rights; 2% of the

next $100,000.00 derived from the lease or sale of those rights; and 1% of any amount

in excess of $250,000.00 derived from the lease or sale of those rights, except that

in no event shall any tax assessed under the provisions of this subsection exceed

$100,000.00 for each exhibition, event, performance or contest. For the purposes of this subsection, the total gross receipts from the sale of tickets

or from the lease or sale of television, moving picture or radio rights shall not

be subject to any reduction or allowance of any kind whatsoever. d. The total amount of gross receipts from any such exhibition or performance, including

those derived from the sale or lease of television, moving picture and radio rights,

and the total amount of tax due hereunder shall be provided to the board for review

and determination. For this purpose the board may examine, or cause to be examined, the books and records

of any person and hold a hearing as provided herein. e. Should any person being liable for the tax hereby imposed fail to pay the same,

an action in the name of the board may be maintained in any court of competent jurisdiction,

to be prosecuted by the Attorney General, in addition to any remedies given by the

bond filed in accordance with section 16 of this act, 1 which actions and remedies may be pursued simultaneously or in any order which the

Attorney General may see fit. 1

N.J.S.A. § 5:2A-16.