A. Any person who charges and receives an admission fee for exhibiting any live professional contest on a closed-circuit telecast or motion picture shall, within seventy-two hours after the event, furnish to the commission a verified written report on a form prescribed by the commission showing the number of tickets sold and issued or sold or issued and the gross receipts for the exhibition without any deductions.
B. There is imposed a supervisory fee upon the privilege of exhibiting for an admission fee any live professional contest on a closed-circuit telecast or motion picture. A supervisory fee is imposed in an amount determined pursuant to the rules of the commission to be sufficient to cover the costs of supervising the exhibition; provided that the fee shall not exceed five percent of the gross receipts derived from the exhibition.
C. The fee imposed pursuant to this section shall be administered, collected, enforced and the proceeds deposited as provided in Section 60-2A-24 NMSA 1978.
History: Laws 1980, ch. 90, § 26; 1981, ch. 326, § 3; 1997, ch. 174, § 1; 2005, ch. 346, § 4.
ANNOTATIONS
Delayed repeal. — For delayed repeal of this section, see 60-2A-30 NMSA 1978.
The 2005 amendment, effective June 17, 2005, in Subsection B, changed “tax” to “supervisory fee” ; deleted the former provision which provided that a fee was imposed on a live professional contest except a live professional boxing contest held between the effective date of the 1977 act and July 1, 1999; and provided that a supervisory fee is imposed in an amount determined by rule of the commission to be sufficient to cover the costs of supervising the exhibition, provided the fees shall not exceed five percent; and in Subsection C, changed “privilege tax” to “fee”.
The 1997 amendment, effective April 9, 1997, inserted the exception in the first sentence in Subsection B, and made stylistic changes.
“Closed-circuit telecast”. — Cable television is a type of closed-circuit telecast within the meaning of this section. 1988 Op. Att’y Gen. No. 88-51.