North Carolina, one of only a few remaining states to have restrictions on reselling tickets, moved another step closer on Thursday to lifting those restrictions. The House of Representatives voted 85-29 to allow tickets to be resold online for a profit. The current state law says that tickets can not be sold for more than $3 above the face value.
The bill that was initially approved by the North Carolina State Senate July 3 but was modified by the House Finance Committee prior to it’s House approval, which omitted the controversial provision that would have required resellers to pay taxes on the profits they made from the resale.
An additional change that was made was strengthening the language that allows venues in the state to object to tickets to events at their facilities being resold. The bill now states venues would have to pay a fee as well as sign a document filed with the Secretary of State.
As with many states, the Tar Heel state’s proposal requires that internet resellers both guarantee that the tickets they are selling are real and that they will receive them prior to the event.
With the bill being amended since its initial approval in the Senate, the revised bill will head back for another vote. If passed, it will then head to the Governor’s office for final approval.
Last Updated on July 22, 2008 by By Tim Fraser