Bill Text: NJ A723 | 2010-2011 | Regular Session | Introduced
Bill Title: Revises maximum price at which ticket brokers or season ticket holders may resell tickets.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2010-01-12 - Introduced, Referred to Assembly Consumer Affairs Committee [A723 Detail]
Download: New_Jersey-2010-A723-Introduced.html
STATE OF NEW JERSEY
214th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2010 SESSION
Sponsored by:
Assemblyman SAMUEL D. THOMPSON
District 13 (Middlesex and Monmouth)
SYNOPSIS
Revises maximum price at which ticket brokers or season ticket holders may resell tickets.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel
An Act concerning the resale of tickets and amending P.L.1983, c.135.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 8 of P.L.1983, c.135 (C.56:8-33) is amended to read as follows:
8. a. Each place of entertainment shall print on the face of each ticket and include in any advertising for any event the price charged therefor. Tickets printed prior to the enactment of P.L.2001, c.394 (C.56:8-35.1 et al.) shall have endorsed thereon the maximum premium not to exceed 20% of the ticket price or $3.00, whichever is greater, plus lawful taxes, at which the ticket may be resold. Tickets printed on or after the effective date of P.L.2001, c.394 (C.56:8-35.1 et al.) shall have endorsed thereon the maximum premium not to exceed 20% of the ticket price or $3.00, whichever is greater, plus lawful taxes, at which the ticket may be resold, except for tickets resold by registered ticket brokers or season ticket holders.
b. No person other than a registered ticket broker or season ticket holder shall resell or purchase with the intent to resell a ticket for admission to a place of entertainment at a maximum premium in excess of 20% of the ticket price or $3.00, whichever is greater, plus lawful taxes. No registered ticket broker or season ticket holder shall resell or purchase with the intent to resell a ticket for admission to a place of entertainment at a premium in excess of [50% of the price paid to acquire] 30% of the face value of the ticket, plus lawful taxes.
(cf: P.L.2001, c.394, s.6)
2. This act shall take effect immediately.
STATEMENT
This bill provides that a registered ticket broker or a season ticket holder shall not resell a ticket for admission to a place of entertainment at a premium in excess of 30% of the face value of the ticket. Currently, a registered ticket broker or a season ticket holder may not resell a ticket for admission to a place of entertainment at a premium in excess of 50% of the price paid to acquire the ticket.
