Relating to the Texas moving image industry incentive program and the establishment and funding of the Texas moving image industry incentive fund.
What changed between versions
Added $300 million initial funding deposit to the incentive fund from tax proceeds, with annual deposits required by the 30th day of each fiscal biennium.
Established minimum spending thresholds: $250,000 for films/television programs or $100,000 for commercials/educational videos/digital interactive media to qualify for grants.
Set crew residency requirements at 55% Texas residents, with phased reductions to 35-50% for projects beginning between 2025-2031 if qualified crew unavailable.
Required at least 60% of filming to occur in Texas for all qualifying projects.
Changed grant calculation percentages based on project type and spending tiers, with feature films receiving 5-25% grants depending on spending level.
Created seven new grant categories including Texas heritage, rural filming, postproduction, Texas veterans, faith-based, Texas historic site, and workforce development grants.
Established sunset provisions with most provisions expiring August 31, 2035, and a separate sunset for Sections 485.022(a) and (f) on September 1, 2035.
Added office discretion to deny grants for inappropriate content and to rescind preliminary approval at any point in the grant process.