TX
Texas House Bill HB1632

Texas 2021 - 87th Regular

Texas House Bill HB1632

Caption

Relating to the creation of the Texas music incubator rebate program to provide for rebates of a portion of certain taxes collected from certain music venues and promoters of certain music festivals.

Impact

The provisions of HB 1632 require the creation of a dedicated Texas music incubator account, funded by specific tax revenues from sales of alcoholic beverages at eligible venues. The account will facilitate annual rebates to qualified participants, with a cap of $100,000 on the rebate amount allocated to any single venue or promoter. This financial support is positioned to enhance local economies by encouraging live performances and attracting artists and audiences alike, all while promoting Texas as a center for live music and cultural events.

Summary

House Bill 1632 establishes the Texas Music Incubator Rebate Program, aimed at fostering live music in Texas through rebates for certain taxes collected from music venues and festival promoters. The bill defines eligible participants, including music venues with a capacity not exceeding 3,000 individuals and music festival promoters operating in counties with populations fewer than 100,000. By incentivizing these venues and festivals financially, the legislation aspires to sustain and boost the local music scene in communities throughout Texas.

Contention

Interaction over HB 1632 may spark debate regarding the allocation of state resources to support the music industry, with supporters advocating for the economic and cultural benefits of a vibrant music scene. Potential opposition may arise from concerns over tax revenue appropriations and whether similar funding efforts should address other sectors. Ensuring equitable access and support across all cultural initiatives could also factor into discussions, especially regarding how this program interacts with funding for broader arts and community funding.

Companion Bills

TX SB609

Same As Relating to the creation of the Texas music incubator rebate program to provide for rebates of a portion of certain taxes collected from certain music venues and promoters of certain music festivals.

Previously Filed As

TX HB2003

Relating to the delivery and direct shipment of certain alcoholic beverages to ultimate consumers; creating criminal offenses.

TX SB752

Relating to the delivery and direct shipment of certain alcoholic beverages to ultimate consumers; creating criminal offenses.

TX HB4419

Relating to the promotion of film and television production in this state, including the eligibility of film or television productions for funding under the major events reimbursement program, the creation of a film events trust fund and a film production tax rebate trust fund, the establishment of virtual film production institutes, and the designation of media production development zones.

TX HB2282

Relating to the use of hotel occupancy tax revenue by certain municipalities and counties and the authority of certain municipalities to receive certain tax revenue derived from a hotel and convention center project and to pledge certain tax revenue for the payment of obligations related to the project.

TX SB940

Relating to the use of hotel occupancy tax revenue by certain municipalities and counties and the authority of certain municipalities to receive certain tax revenue derived from a hotel and convention center project and to pledge certain tax revenue for the payment of obligations related to the project.

TX HB5012

Relating to the authority of certain municipalities to use certain tax revenue for hotel and convention center projects and other qualified projects.

TX HB2449

Relating to the creation of the Dallas Municipal Management District; providing authority to issue bonds; providing authority to impose assessments and fees.

TX HB5282

Relating to the creation of the Dallas Municipal Management District; providing authority to issue bonds; providing authority to impose assessments and fees.

TX HB2226

Relating to state and municipal motor fuel taxes; providing civil penalties; creating criminal offenses; requiring occupational licenses; authorizing the imposition of taxes; providing for increases and decreases in the rates of taxes.

TX HB3061

Relating to the creation of certain energy efficiency programs.

Similar Bills

No similar bills found.