The bill amends the existing law on ticket scalping in New Mexico to broaden the scope of events covered under this regulation. Specifically, it now includes events presented by the state, political subdivisions of the state, or nonprofit corporations recognized as tax-exempt under Section 501(c)(3) of the Internal Revenue Code. This change aims to prevent the resale of tickets for these events at prices exceeding the original ticket price, thereby protecting consumers from inflated costs.

Additionally, the bill clarifies that each instance of ticket scalping constitutes a separate offense, reinforcing the legal consequences for violators. The penalties for ticket scalping remain unchanged, with offenders facing a misdemeanor charge that could result in a fine of up to $500 or imprisonment for less than one year, or both. Overall, the amendments seek to enhance consumer protection in the ticket resale market, particularly for events of public interest.

Statutes affected:
introduced version: 30-46-1