HB 2806 would create the Music Incubator Rebate program to be administered by the Music, Film, Television, and Multimedia Office in the Office of the Governor. The program would consist of some tax revenues from the mixed beverage gross receipt tax and from the sales tax on the sale of beer and wine that would be set aside in order to offer “rebates” to certain music venues and promoters of music festivals.
The Texas Legislature should not create one more business incentive program that will distort the market and benefit just a few businesses.