This bill aims to amend the Code of West Virginia by introducing a new provision that prohibits the resale of tickets to events within the state at a markup exceeding 3% of the ticket's face value. The specific legal language added to the existing definitions under Article 6 of the General Consumer Protection statute includes a new definition for "unfair methods of competition and unfair or deceptive acts or practices," which now explicitly includes the act of reselling tickets for more than the allowed markup.

In addition to this new insertion, the bill also removes the previous language that allowed for certain practices related to unfair competition, thereby tightening the regulations surrounding ticket resales. The overall intent of the legislation is to protect consumers from excessive ticket pricing and ensure fair access to event tickets.

Statutes affected:
Introduced Version: 46A-6-102