143.24 WRITTEN REPORT OF TICKET SALES AND GROSS PROCEEDS; TAX.

   (a)    No person who conducts a match or exhibition to which the provisions of this chapter apply shall fail to mail to the Boxing Commission a written report that shows the number of tickets sold for the match or exhibition and the amount of gross proceeds within twenty-four hours after the determination of the outcome of the match or exhibition. The person shall pay to the Commission a tax of five percent (5%) of the gross proceeds from the sale of tickets to the match or exhibition, such sum not to exceed five thousand dollars ($5,000). Such amount shall be paid to the Commission within seven days following completion of the match or exhibition. The tax imposed by this section shall be in addition to the admissions tax imposed by Chapter 113.

   (b)    Such taxes shall be levied for the purpose of providing operating funds for the Commission and any excess shall be deposited in the General Fund for use by the City.

(Ord. 44-1982. Passed 6-17-82.)