467.108 - Additional fee for each ticket sold for admission to live professional contest of unarmed combat; money collected to be used for amateur contests or exhibitions of unarmed combat; applicatio
467.108 Additional fee for each ticket sold for admission to live professional contest of unarmed combat; money collected to be used for amateur contests or exhibitions of unarmed combat; application for grant; regulations.
1. Except as otherwise provided in subsection 2, in addition to the payment of any other fees or taxes required by this chapter, a promoter shall pay to the Commission a fee of $1.00 for each ticket sold for admission to a live professional contest of unarmed combat which is held in this State.
2. In lieu of the fee imposed pursuant to subsection 1, the Executive Director of the Commission may require a promoter to pay to the Commission a fee of $0.50 for each ticket sold for admission to a live professional contest of unarmed combat which is held in this State if the gross receipts from admission fees to the contest of unarmed combat are less than $500,000.
3. The money collected pursuant to subsections 1 and 2 must be used by the Commission to award grants to organizations which promote amateur contests or exhibitions of unarmed combat in this State.
4. The Commission shall adopt by regulation:
(a) The manner in which the fees required by subsections 1 and 2 must be paid.
(b) The manner in which applications for grants may be submitted to the Commission.
(c) The standards to be used to award grants to organizations which promote amateur contests or exhibitions of unarmed combat in this State.
(Added to NRS by 1989, 2197; A 1997, 466; 2007, 2840)