Plain English Breakdown
The exact legal definitions for 'ticket reseller,' 'independent venue,' and the calculation method for 'original price' are referenced as being defined elsewhere in the bill but not detailed in this summary text.
Limits on Reselling Event Tickets at Independent Venues
This law sets price limits and fee rules for people who resell tickets to events held at independent venues.
What This Bill Does
- Prohibits ticket resellers from selling a ticket for more than the original price plus 10%.
- Requires all advertised prices by resellers to include mandatory fees so buyers see the full cost upfront.
- Limits what ticket resale marketplaces can charge sellers to no more than 10% of the ticket's face value.
- Requires marketplaces to make sure resellers show the original price of the ticket.
- Mandates that original sellers print or display the purchase price directly on the ticket.
Who It Names or Affects
- Ticket resellers who sell tickets for events at independent venues.
- Online marketplaces where people buy and sell used event tickets.
- Original sellers of admission tickets, such as teams or venue operators.
- The Attorney General, county counsel, or city attorneys who can enforce these rules.
Terms To Know
- Ticket reseller
- A person defined by the bill who sells a ticket they bought to someone else for profit.
- Independent venue
- An event location where these new rules apply, as specified in the law.
- Original price
- The amount of money first paid to buy the ticket before any resale fees are added.
Limits and Unknowns
- These rules only apply if the event takes place at an independent venue.
- The text mentions civil penalties exist but does not list specific dollar amounts in this summary.
- The bill states no state reimbursement is required for local agencies, though it gives a specified reason without detailing what that reason is.