TN SB2456

Creates the "Tennessee Live Music Support Act," imposing a 5% surcharge on all tickets sold through secondary ticket resellers (resale market) for live music, comedy, dance, theater, and other non-sports performance events in Tennessee, effective July 1, 2027

Third-party ticket resellers must register with the Department of Revenue and submit monthly reports of gross sales by the 20th of each month, with the surcharge due on the first of each month

Revenue collected, minus administrative costs, will be deposited into the Live Music and Performance Venue Fund to provide economic development grants for venues, promoters, and performers

The surcharge applies only to resellers—not individual consumers—and covers businesses that operate resale websites, facilitate auction-based ticket sales, or otherwise engage in ticket resale commerce

Noncompliant resellers face penalties and interest under existing Tennessee tax enforcement provisions (§§ 67-1-801 through 67-1-804)