Reporting the Cost of Ticketed Events
The employer of a lobbyist sends an invitation to several Members of the General Assembly to attend a ticketed event, the cost of which is $35 per ticket. One Member attends the event but pays his own way ($35 ticket price). After the event, the employer calculates the per person cost at $27.32. What are the employer reporting requirements?
- The employer has no reporting requirements for the Member who paid the $35 ticket cost to attend the event.
- The employer must report Members of the General Assembly who accepted the complimentary ticket as the recipients of a $35 gift.
- The value of the gift is not $27.32, despite that being the calculated per person cost. The reportable value for those Members who accepted the complimentary ticket is the $35 cost per ticket originally provided/disclosed.