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, with the exception of open market event tickets, which are defined as tickets not associated with events at institutions of higher education unless authorized for resale by the institution. Additionally, the bill establishes penalties for violations, categorizing them as misdemeanors with fines or imprisonment.

In Section 39-5-36, the bill further clarifies that individuals or firms who knowingly purchase tickets in excess of the maximum quantity set by the original seller and intend to resell them for more than one dollar above the original price are in violation of the South Carolina Unfair Trade Practices Act. This section also states that violations of the amended Section 16-17-710(A) will be subject to the same penalties under the Unfair Trade Practices Act. The bill is set to 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