Bill > SB2456

This bill, titled the "Tennessee Live Music Support Act," establishes a new five percent (5%) surcharge, referred to as "live music support," on the resale price of tickets to live music and performance events occurring in Tennessee, beginning July 1, 2027. This surcharge applies specifically to the "secondary ticketing market," which is defined as the resale or exchange of tickets by anyone other than the original ticket seller or an authorized primary seller. The bill designates "third-party ticket resellers"—individuals or entities engaged in the business of reselling tickets, often through online platforms—as responsible for collecting and remitting this surcharge to the Department of Revenue on a monthly basis. 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.

Business and Industry

https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=SB2456&ga=114