HB3424: Relating generally to the West Virginia State Athletic Commission

Legislative Summary

The purpose of this bill is to fund the West Virginia State Athletic Commission by implementing a 3% gate fee for all ticket and pay-per-view sales, live streaming right, video rights, sold for such contest and any rebroadcast rights from sanctioned events and requiring licensed promoters to provide the commission with a report showing the gross proceeds from all ticket and pay-per-view sales live streaming right, video rights, sold for such contest and any rebroadcast rights; to remove any mention of "exhibition" throughout the code; to amend titles of elected commissioners to avoid confusion regarding duplicative roles; to modify fees paid to event officials to more closely conform to industry demand; to amend code governing contestant weight classes to conform to the Unified Boxing Rules and the Association of Boxing Commissions; and to make clear that matches conducted by any university, college or high school may be exempt from this article if sanctioned by U.S.A. Boxing.