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Alcohol taxes would fund $10 million Ohio music incubator

October 6, 2024
Rock-and-Roll-Hall-of-Fame-left-on-Lake-Erie-shore_Rona-Proudfoot_WikimediaCommons

The Rock & Roll Hall of Fame (left) sits on the Lake Erie shore next to the Great Lakes Science Center (right) in Cleveland's North Coast Harbor. (Photo by Rona Proudfoot, CC BY-SA 2.0)

For years, Austinites have been the target of the Buckeye State, and I’m not talking college football.

A couple of years ago, billboards popped up in the Austin, Texas, metro area suggesting that Ohio had plenty of cool places to live that were less expensive. Now, the Ohio promotions are in television ads.

And just as the Lone Star State capital’s annual Austin City Limits (ACL) festival hits its midpoint, some Ohio lawmakers want to use state tax dollars to make sure more than just Cleveland rocks.

State Sen. Kent Smith, Democrat from Euclid, Ohio, on Sept. 24 introduced a bill that would create a $10 million fund to support music venues and the creative arts. Eight of Smith’s state senate colleagues, five Democrats and three Republicans, are original cosponsors of S.B. 316. A similar Ohio state house measure is in the works.

The proposed music incubator program would be funded by sales tax collected on alcohol sales at venues of 3,000 people or less. The new fund would be managed by the Ohio Department of Development. Venues could apply for up to $100,000 a year in rebates, with the music program capped at $10 million for each fiscal year.

The proposed $10 million music fund is this weekend’s By the Numbers figure.

Turning up the support volume: "I am proud to stand with the owners of our cherished music venues, my fellow legislator, and arts leaders to unveil a bill that supports our vibrant creative community,” said Smith, in announcing the proposal from, where else, the Rock & Roll Hall of Fame in Cleveland.

“This legislation is designed to sustain and strengthen our local music scene, recognizing its crucial role in enriching our quality of life and boosting our local economy. By investing in these cultural treasures, we affirm that the arts are not just a part of our community – they are the heartbeat of it," Smith added.

The Ohio music initiative was prompted after a survey of Cleveland and the role music plays. The Greater Cleveland Music Census, paid for by a $25,000 grant from The Cleveland Foundation, found that that creatives find the city is a great place to live and work, but they want to develop opportunities for non-touring revenue.

And, oh yeah, the Cleveland music review was done by Sound Music Cities, LLC of Austin, Texas.

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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