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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.
Estimated Twoyear Net Impact to General Revenue Related Funds for HB1632, As Introduced : a
negative impact of ($20,200,000) through the biennium ending August 31, 2023.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to
implement the provisions of the bill
HB 1632 would use taxes from the mixed beverage gross receipts and sales tax receipts attributable to the sale of beer and wine to fund the establishment and operations of a Texas music incubator rebate program. This program would fund the full or partial rebates of the mixed beverage gross receipts taxes and sales tax receipts collected at eligible music venues and music festival events.
Texas Action is opposed to HB 1632 on the principles of limited government and free markets. It is outside the proper role of government to subsidize private artistic businesses/events, let alone to pick winners and losers in the economy by choosing which businesses will receive such assistance.
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