STATE HOUSE – A bill that recently passed the House Labor Committee would clamp down on ticket scalpers.
Rhode Island’s existing law allows venue owners to authorize individuals or companies to sell tickets at prices in excess of 10 percent of face value. The pending legislation, sponsored by Rep. Thomas Winfield, a Smithfield Democrat, would make such transactions illegal.
Winfield said the change would prevent large blocks of tickets being sold to third-party vendors, who often turn around and sell them at inflated prices. The bill also includes a provision that would charge violators with a misdemeanor fine of up to $1,000.
‘Fair Share Act’ is put on hold by Cicilline
PROVIDENCE – The introduction of legislation that would create a new payment-in-lieu of taxes formula for Rhode Island’s colleges and universities was delayed just hours prior to its scheduled filing April 24.
The bill, which is dubbed “The Fair Share Act,” creates a new formula by using the difference between the state’s current payment-in-lieu-of-taxes and the total amount of property tax that would be levied on their property holdings.
The delay will allow for extended negotiations between the schools and cities and towns, according to a news release from the office of Providence Mayor David N. Cicilline.
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