Committee advances revised ticketing bill that would require price disclosure and cap resale at 110% for small independent venues

The Senate Economic Development, Housing & General Affairs committee reviewed a revised strike‑all draft of H.512 on April 29 that would require ticket issuers to display the total original ticket price on the face of the ticket and would cap secondary‑market resale at 110% of that price for events at qualifying independent venues.

Cameron of the Office of Legislative Counsel guided members through draft 2.1 (later edited to 2.2), reading a new definition that limits the price‑cap provisions to “independent venues” that derive a majority of revenue from ticketed events, are not majority‑owned by a publicly traded company and do not operate venues in more than ten states. Cameron also described the proposed reseller definition as “the business entity engaged in the sale or resale of tickets.” He read the provision stating that “a ticket reseller shall not sell or offer for sale a ticket at a price greater than 110% of the price of the original ticket,” and noted the cap and other resale restrictions apply only for events at independent venues with seating capacity of 3,000 or fewer or nonprofit venues that host agricultural…