IL SB1730

Creates the Music Incubator Rebate Act establishing a program administered by the Department of Commerce and Economic Opportunity to provide full or partial rebates of retailers' occupation taxes paid on beer and wine sales at eligible music venues and qualified music festivals

Eligible music venues must have audience capacity of 3,000 or fewer, host live music performances at least 5 nights per week on average, and provide technical sound/lighting support, with artists receiving percentage-based or guaranteed compensation

Eligible music festival promoters must have held a qualified music festival within the preceding 2 years in a county with population under 100,000

Caps individual rebates at the lesser of $100,000 or the actual retailers' occupation taxes paid in the preceding 12-month period per fiscal year

Creates the Music Incubator Fund in the State treasury to fund the rebate program, with priority given to applicants demonstrating the most economic benefit to their communities and the Illinois music industry