Illinois SB1730 establishes a rebate program for eligible music venues and music festival promoters to receive a partial or full rebate of retailers'.
Illinois SB1730, known as the Music Incubator Rebate Act, creates a rebate program administered by the Department of Commerce and Economic Opportunity. The program provides eligible music venues and music festival promoters with a rebate of retailers' occupation taxes paid on beer and wine sales. This rebate aims to support and encourage live music events in local communities. The Music Incubator Fund, a special fund in the State treasury, will be used to award these rebates.
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