Texas House Bill HB5213

Texas 2023 - 88th Regular

• Filed: 3/10/23

Caption

Relating to the Texas Media Production Fund.

Impact

The bill impacts state laws by creating a dedicated trust fund that can receive various forms of revenue, including fees, taxes, and federal funds. This amendment to the Government Code allows for the establishment of separate accounts within the fund at the discretion of the comptroller, ensuring flexibility in managing resources. Moreover, it reflects a significant shift in how state funds can be allocated for media production, potentially empowering local producers and studios to attract talent and projects that previously may have been unavailable due to funding limitations.

Summary

House Bill 5213 proposes the establishment of the Texas Media Production Fund, which is intended to provide financial resources to support media production within the state of Texas. The fund will be administered as a trust fund outside of the state treasury, allowing for expenditures without legislative appropriation, which proponents argue will enhance efficiency and responsiveness in funding media initiatives. This funding mechanism is designed to foster media production activities that could contribute to the state's economic growth and job creation within the creative sector.

Sentiment

Generally, the sentiment surrounding HB 5213 appears to be supportive, particularly among legislators and stakeholders invested in the media and entertainment industry in Texas. Advocates believe this measure will bolster the state's reputation as a burgeoning hub for media production, echoing sentiments of fostering innovation and creativity. However, there may also be concerns from those who argue about the necessity and efficiency of funding mechanisms outside traditional legislative control, emphasizing the importance of oversight in state fund allocations.

Contention

Notable points of contention regarding HB 5213 focus on the implications of separating the fund from typical legislative appropriations. Critics may question whether this system of funding diminishes legislative oversight in the allocation of taxpayer dollars. Furthermore, the disparity in funding levels between urban and rural areas for media production could spark debate about equity and access within the creative industry. Ultimately, while the bill aims to promote media production, it may also raise discussions about resource allocation and local versus state control.

Texas Constitutional Statutes Affected

Government Code

• Chapter 485. Music, Film, Television, And Multimedia Industries
  • Section: New Section

Tax Code

• Chapter 156. Hotel Occupancy Tax
  • Section: 2511