Bill > AB1720

This bill, by adding Section 22502.5 to the Business and Professions Code, aims to regulate ticket resale prices and transparency, particularly for events held at independent venues with a seating capacity of 3,000 or fewer, or at nonprofit venues hosting agricultural fairs or community events. It prohibits ticket resellers from selling tickets for more than the original price plus 10%, and requires that the advertised price include all mandatory fees except government taxes or reasonable shipping costs. Ticket resale marketplaces must also limit their fees to 10% of the original ticket price and ensure original prices are disclosed. Original sellers will be required to print the original purchase price on tickets. Violations can result in civil penalties of up to $1,000 per ticket for a first offense, increasing for subsequent offenses, and up to $5,000 per ticket for knowing and willful patterns of violation, with enforcement authorized by the Attorney General, county counsel, or city attorney. The bill also clarifies definitions for terms like "ticket reseller," "ticket resale marketplace," and "independent venue," and exempts certain professional and collegiate athletic contests from these regulations.