Enacts the "sporting event promotion act"

Summary

The bill amends the state tax code to exempt sales tax on tangible goods and taxable services that are purchased for official use in qualifying "covered events," which are amateur, IOC‑ or IPC‑sanctioned sports competitions designated by the Empire State Development commissioner. The exemption applies to purchases made by the event’s organizing bodies or accredited participants, but it does not cover professional leagues, World Cup soccer, combat sports, motorsports, or personal‑use items. The measure is intended to encourage the hosting of international amateur sport events in the state.

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