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 must not charge more than one dollar above 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. Additionally, the bill clarifies the definitions of "permitted physical location" for ticket resales and establishes penalties for violations.

In Section 39-5-36, the bill further strengthens regulations by imposing penalties under the South Carolina Unfair Trade Practices Act for individuals or firms that knowingly purchase tickets in excess of the maximum quantity allowed and intend to resell them for more than one dollar above the original price. It also states that violations of the amended Section 16-17-710 will be subject to the same penalties. 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