Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 120 - DEPARTMENT OF PROFESSIONAL AND OCCUPATIONAL REGULATION › Chapter 40 - VIRGINIA PROFESSIONAL BOXING AND WRESTING EVENTS REGULATIONS › Part X - Gate Fees › Section 18VAC120-40-420 - Reporting, verification, and payment of gate fees

Current through Register Vol. 40, No. 24, July 15, 2024
A. No person, except for members of a local
				  police department or rescue squad on duty covering the event, officials, event
				  staff, promoters and participants may be admitted to the event without a
				  ticket.
B. Each ticket, except
				  those for the working press, officials, employees, and official photographers,
				  shall have the price, name of the promoter, date, and place of the event
				  printed plainly on it.
C. No
				  promoter shall sell a ticket at a price other than the price that appears on
				  the ticket.
D. No promoter shall
				  change a ticket price or the place or date of the event without the approval of
				  the department.
E. Tickets of
				  different prices shall be printed in different colors.
F. The promoter shall permit the inspector to
				  check the number and location of ticket boxes at the gate, ensure that the
				  ticket boxes are sealed and padlocked, and open the ticket boxes and count the
				  tickets after the event.
G. Each
				  ticket issued to the press shall be marked "press."
H. A maximum of 2.0% of the tickets to an
				  event may be complimentary.
I. Each
				  complimentary ticket shall be marked complimentary.
J. The promoter shall provide to the
				  department, prior to the commencement of an event at which admission is
				  charged, a manifest or report on the number, kind, and price of tickets printed
				  for the contest.
K. Each ticket
				  shall be separated from the stub when entering through the gate. No person
				  shall occupy a seat without a stub.
L. Each promoter shall furnish to the
				  department, within 24 hours after the completion of each event, a written and
				  verified report on the form provided by the department showing the number of
				  tickets sold, unsold, and given away, the amount of the proceeds donated to a
				  charitable organization that is tax exempt under § 501(c)(3) of the
				  Internal Revenue Code, and the amount of gross proceeds thereof for such events
				  originating in the Commonwealth. The report shall also include the total gross
				  proceeds from the sale of rights to distribute in any manner such event by any
				  video, telephonic, or other communication method involving the control of
				  electrons or other charge carriers for such live events originating in the
				  Commonwealth.
M. The promoter shall
				  pay the department, within the same 24-hour period, a fee of (i) 5.0% of the
				  first $100,000 of its total gross receipts and (ii) 2.5% of the remainder of
				  its total gross proceeds. These fees shall not be reduced for portions of an
				  event containing amateur matches as set forth in
				  18VAC120-40-10.
N. The department or its contractor may
				  examine or cause to be audited the records and accounts of the
				  promoter.
Statutory Authority
§ 54.1-831 of the Code of Virginia and 15 USC §
						6301 et seq.