SB 35 - HB 80
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
January 25, 2025
Fiscal Analyst: Arielle Woodmore | Email: arielle.woodmore@capitol.tn.gov | Phone: 615-741-2564
SB 35 - HB 80
SUMMARY OF BILL: Prohibits a third-party ticket reseller from selling, offering to sell, or
allowing the sale of a speculative ticket on its website. Requires the Division of Consumer Affairs in
the Office of the Attorney General and Reporter (AG) to enforce the prohibition by assessing a
penalty of $5,000 per violation. Creates a cause of action if an individual or entity believes that a
third-party reseller has violated these provisions. Authorizes a court to award damages, attorneys
fees and reasonable court costs.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• Per the proposed legislation, “speculative ticket” means a ticket that is not in the actual or
constructive possession of a reseller at the time of sale, advertisement, or listing. This
includes a ticket sold by a reseller that, at the time of resale, is not:
o In the physical possession of the reseller;
o Owned by the reseller; or
o Under contract to be transferred to the reseller.
• Any increase in the number of complaints handled by the AG is estimated to be not
significant and can be handled by existing staff during normal work hours.
• There will not be a sufficient number of violations for state or local government to
experience any significant increase in revenue or expenditures.
• Any impacts resulting from actions brought by private individuals or entities will be realized
by those private parties.
• Any additional workload on the courts can be accommodated within existing resources.
IMPACT TO COMMERCE:
NOT SIGNIFICANT
Assumption:
• Any impact to commerce or jobs in Tennessee is estimated to be not significant.
SB 35 - HB 80 2
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director