LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 25, 2009 TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB605 by Deuell (Relating to incentives for the film, television, video, and digital interactive media production industries.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill adds educational or instructional videos to the definition of a moving image project and defines underutilized and economically distressed areas. The bill amends grant requirements for a film or television program from a minimum of $1 million in in-state spending to $250,000 and amends the percent that must be filmed in Texas from 80 percent to 60 percent. The bill requires the establishment of rules for grant amounts and changes the additional grant amount for filming in underused areas from 1.25 percent to 2.5 percent of the company's in-state spending. The bill states grants may only be made from appropriated funds. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:301 Office of the Governor LBB Staff: JOB, JRO, MS, BTA, WK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
March 25, 2009
TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB605 by Deuell (Relating to incentives for the film, television, video, and digital interactive media production industries.), Committee Report 1st House, Substituted
TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB605 by Deuell (Relating to incentives for the film, television, video, and digital interactive media production industries.), Committee Report 1st House, Substituted
Honorable Chris Harris, Chair, Senate Committee on Economic Development
Honorable Chris Harris, Chair, Senate Committee on Economic Development
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB605 by Deuell (Relating to incentives for the film, television, video, and digital interactive media production industries.), Committee Report 1st House, Substituted
SB605 by Deuell (Relating to incentives for the film, television, video, and digital interactive media production industries.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill adds educational or instructional videos to the definition of a moving image project and defines underutilized and economically distressed areas. The bill amends grant requirements for a film or television program from a minimum of $1 million in in-state spending to $250,000 and amends the percent that must be filmed in Texas from 80 percent to 60 percent. The bill requires the establishment of rules for grant amounts and changes the additional grant amount for filming in underused areas from 1.25 percent to 2.5 percent of the company's in-state spending. The bill states grants may only be made from appropriated funds.
The bill adds educational or instructional videos to the definition of a moving image project and defines underutilized and economically distressed areas. The bill amends grant requirements for a film or television program from a minimum of $1 million in in-state spending to $250,000 and amends the percent that must be filmed in Texas from 80 percent to 60 percent. The bill requires the establishment of rules for grant amounts and changes the additional grant amount for filming in underused areas from 1.25 percent to 2.5 percent of the company's in-state spending. The bill states grants may only be made from appropriated funds.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 301 Office of the Governor
301 Office of the Governor
LBB Staff: JOB, JRO, MS, BTA, WK
JOB, JRO, MS, BTA, WK