H.512 is a bill aimed at regulating the event ticketing market in Vermont by introducing a new subchapter, 9 V.S.A. chapter 63, subchapter 2B, which outlines specific definitions and requirements related to the resale of event tickets. Key definitions include "independent venue," "resale," "reseller," and "speculative ticket." The bill mandates that ticket issuers clearly display the total price of tickets and requires secondary ticket exchanges to inform customers whether they are purchasing from a ticket issuer or a reseller. Additionally, it imposes a price cap on ticket resales, limiting them to no more than 110% of the original ticket price under certain conditions, particularly for independent venues with a seating capacity of 3,000 or fewer.

The bill also prohibits deceptive practices in ticket sales, such as using misleading URLs or implying unauthorized endorsements of intellectual property. It bans the sale of speculative tickets and establishes that violations of these provisions constitute unfair and deceptive acts in commerce. Notably, the new regulations will be repealed on July 1, 2028, and the act is set to take effect on July 1, 2026.

Statutes affected:
As Passed by Both House and Senate -- Official: 9-63, 9-2B
As Passed by Both House and Senate -- Unofficial: 9-63, 9-2B