The bill H. 3449 aims to amend the South Carolina Code of Laws regarding ticket resales by modifying Sections 16-17-710 and 39-5-36. The amendments to Section 16-17-710 remove certain exceptions that previously allowed for the resale of tickets above the original price under specific conditions. The revised law stipulates that individuals or entities reselling tickets can only charge up to one dollar more than the original price, and it clarifies the definitions of "open market event ticket" and "permitted physical location" for ticket resales. Additionally, it establishes penalties for violations, categorizing them as misdemeanors with fines or imprisonment.

In Section 39-5-36, the bill further strengthens regulations by prohibiting individuals or firms from purchasing tickets in quantities exceeding the limits set by the original seller and reselling them for more than one dollar above the original price. Violations of this section are also subject to the South Carolina Unfair Trade Practices Act, which includes penalties and damages. The bill emphasizes the importance of adhering to these regulations to protect consumers and maintain fair ticketing practices. The act will take effect upon approval by the Governor.

Statutes affected:
12/05/2024: 16-17-710, 39-5-36
Latest Version: 16-17-710, 39-5-36