Texas House Bill HB1632

Texas 2021 - 87th Regular

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.