Bill > HB2135

This bill, titled the "Tennessee Live Music Support Act," establishes a new five percent (5%) surcharge on the resale price of tickets for live music and performance events held in Tennessee, specifically targeting the "secondary ticketing market," which refers to the resale of tickets by anyone other than the original seller or authorized primary seller. This surcharge, referred to as "live music support," will be collected by "third-party ticket resellers" – entities that engage in the business of reselling tickets, often through online platforms or offices – and remitted monthly to the Department of Revenue, starting July 1, 2027. The collected funds, after administrative costs, will be deposited into a dedicated fund to support live music and performance venues, promoters, and performers, aiming to bolster the state's live music industry. The bill also outlines penalties for non-compliance and grants the Department of Revenue the authority to create necessary rules for its implementation.