Requires ticket distributors to refund the purchase price of tickets within forty-five days after a cancelled or rescheduled event

This bill requires ticket distributors in New York to refund the full purchase price of event tickets within 45 days if the event is canceled or rescheduled. It directly affects ticket buyers for concerts, sports, theater, and other live events held in New York. The key mechanism mandates that distributors hold advance payments in escrow accounts and process refunds automatically within the 45-day window after the original event date, without requiring buyers to request refunds.