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Bill > HB0080
TN HB0080
TN HB0080AN ACT to amend Tennessee Code Annotated, Title 47, relative to speculative tickets.
summary
Introduced
01/09/2025
01/09/2025
In Committee
01/16/2025
01/16/2025
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, prohibits a third-party reseller from selling or offering for sale a speculative ticket; requires the division of consumer affairs in the attorney general's office to enforce the prohibition; authorizes an individual or entity that believes that a third-party reseller has sold or offered for sale a speculative ticket to bring a cause of action. - Amends TCA Title 47.
AI Summary
This bill introduces new regulations for ticket resellers in Tennessee by defining and prohibiting "speculative tickets," which are tickets not physically possessed, owned, or contractually secured by the reseller at the time of sale. The legislation requires third-party ticket resellers and online platforms to refrain from selling or offering speculative tickets, with the division of consumer affairs in the attorney general's office responsible for enforcing these rules. If a reseller violates the prohibition, they will face a penalty of $5,000 per violation, with each instance of selling or offering a speculative ticket considered a separate violation. Additionally, the bill allows individuals or entities who believe a reseller has violated the law to bring a civil lawsuit, potentially recovering actual damages, attorney fees, and court costs if successful. The new law will take effect on July 1, 2025, and will apply to ticket sales and offerings on or after that date, aiming to protect consumers from potentially fraudulent ticket transactions by ensuring resellers have a genuine ability to provide the tickets they are selling.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Withdrawn. (on 02/05/2025)
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0080&ga=114 |
Fiscal Note - SB0035 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB0035.pdf |
BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB0080.pdf |
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