TITLE: Relating to incentives for the film, television, video, and digital interactive media production industries.

SUMMARY: Relating to incentives for the film, television, video, and digital interactive media production industries.

FULL TEXT:
AN ACT relating to incentives for the film, television, video, and digital interactive media production industries. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 485.024(a), Government Code, is amended to read as follows: (a) Except as provided by Section 485.025, a grant under this subchapter may not be less than 27.5 percent of the total amount of the production company's in-state spending for the moving image project [exceed the amount established by office rule].The office shall adopt rules prescribing the method the office will use to calculate the amount of a grant under this subsection. The office shall publish a written summary of the method for determining grants before awarding a grant under this section. The method must consider at a minimum: (1) the current and likely future effect a moving image project will have on employment, tourism, and economic activity in this state; and (2) the amount of a production company's in-state spending for a moving image project. SECTION 2. This Act takes effect September 1, 2023.