Tennessee SB2456 imposes a 5% surcharge on secondary ticket sales for live music and performance events.
Tennessee SB2456 introduces a 5% surcharge on the sales price of all tickets sold at retail through the secondary ticketing market for live music and performance events occurring within the state. This surcharge, known as the live music support, is due monthly and collected by the Department of Revenue. The funds are deposited into the live music and performance venue fund, intended for economic development support grants for venues, promoters, and performers. Penalties apply for noncompliance. The act takes effect on July 1, 2027.
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