The bill introduces a new subchapter, "Event Tickets," to Vermont's existing law, specifically addressing the resale of event tickets. It establishes definitions for key terms such as "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 sets a price cap on the resale of tickets, limiting them to no more than 110% of the original ticket price under certain conditions, particularly for events held at independent venues with a seating capacity of 3,000 or fewer.

Furthermore, the bill prohibits deceptive practices related to ticket sales, such as using misleading URLs or implying unauthorized endorsements of intellectual property. It also bans the sale of speculative tickets and classifies violations of these provisions as unfair and deceptive acts in commerce. Notably, the new regulations will be repealed on July 1, 2028, and the act will take effect on July 1, 2026.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
As Enacted: 9-63, 9-2B