Bill > HB26

This bill expands the existing ticket scalping law in New Mexico to include more types of events beyond college athletic events. Specifically, the bill now makes it illegal to sell tickets to events presented by the state, political subdivisions of the state, or nonprofit corporations with tax-exempt 501(c)(3) status at a price higher than the original printed ticket price. The law maintains that each illegally sold ticket constitutes a separate offense, and it allows for service fees that are permitted by contract between the ticket seller and event sponsor. Violations remain classified as a misdemeanor, with potential penalties of up to $500 in fines, up to one year in imprisonment, or both. By broadening the scope of events covered under the ticket scalping statute, the bill aims to protect consumers from price gouging at a wider range of public and nonprofit events, ensuring more fair and accessible ticket pricing.

Budget and Finance, Business and Industry

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=26&year=25