NRS467.107. Additional fees for license of promoter; exemption; regulations.

      1.  In addition to the payment of any other fees and money due under this chapter, every promoter, except as provided in subsection 2, shall pay a license fee of:

      (a) Six percent of the total gross receipts from admission fees to the live contest or exhibition of unarmed combat, exclusive of any federal tax or tax imposed by any political subdivision of this state; and

      (b) Three percent of the first $1,000,000, and 1 percent of the next $2,000,000, of the total gross receipts from the sale, lease or other exploitation of broadcasting, television and motion picture rights for that contest or exhibition,

Ê without any deductions for commissions, brokerage fees, distribution fees, advertising, contestants’ purses or any other expenses or charges.

      2.  A corporation organized pursuant to NRS 81.550 to 81.660, inclusive, which promotes an amateur contest or exhibition of unarmed combat whose net proceeds are to be spent entirely in this state, for the purposes for which the corporation is organized, is exempt from the fees payable under this section. The corporation must retain the services of a promoter licensed pursuant to this chapter.

      3.  The Commission shall adopt regulations:

      (a) Requiring that the number and face value of all complimentary tickets be reported.

      (b) Governing the treatment of complimentary tickets for the purposes of computing gross receipts from admission fees under paragraph (a) of subsection 1.

      (Added to NRS by 1960, 429; A 1961, 452; 1967, 1262; 1971, 1310; 1973, 1260; 1979, 1382; 1981, 1651; 1985, 940; 2010, 26th Special Session, 91)