June 26, 2009

What the New Florida Law Means to Ticket Resellers

On July 1, 2009, Chapter 2009-179 goes into effect. This new law prohibits the resale of event tickets originally issued by a tax-exempt charity issuing no more than 3, 000 tickets for each event. However, the charity must print a disclaimer on the ticket itself stating the following:

"Pursuant to s. 817.36, Florida Statutes, this ticket may not be resold for more than $1 over the original admission price."

Ticket resellers are reminded that it is your responsibility to make sure that you are not reselling these tickets. The new law prohibits a reseller who "knowingly" resells a ticket in violation of the law. You won't know if a ticket qualifies until you see the actual ticket. Some non-profit venues have informed the BTA that they may instruct ticket purchasers about the ticket resale laws that apply to their individual events during presale and purchase confirmations during check out. Brokers should read the individual purchase policies and conditions prior to completing any transactions that may be affected by the new law.

It is estimated that there are 14 non-profit venues in the state of Florida with less than 3, 000 seats. The BTA is attempting to locate a list of non-profit venues affected by the new law in Florida; however, as of this time, a list was not readily available. As more information becomes available, we will update you in subsequent newsletters.

If you need more information or would like to contact the Better Ticketing Association, you may do so via email.

Disclaimer: The Better Ticket Association is a TicketNetwork-sponsored organization. The contents of this newsletter should not be interpreted as legal advice, and are for information only. TicketNetwork recommends you speak with your lawyer and/or accountant for any and all legal guidance and recommendations.