| 1 | 1 | | 88R14497 LRM-D |
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| 2 | 2 | | By: Bhojani H.B. No. 4665 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to incentives for the film, television, video, and digital |
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| 8 | 8 | | interactive media production industries. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 485.024(a), Government Code, is amended |
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| 11 | 11 | | to read as follows: |
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| 12 | 12 | | (a) Except as provided by Section 485.025, a grant under |
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| 13 | 13 | | this subchapter may not be less than 27.5 percent of the total |
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| 14 | 14 | | amount of the production company's in-state spending for the moving |
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| 15 | 15 | | image project [exceed the amount established by office rule]. The |
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| 16 | 16 | | office shall adopt rules prescribing the method the office will use |
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| 17 | 17 | | to calculate the amount of a grant under this subsection. The |
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| 18 | 18 | | office shall publish a written summary of the method for |
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| 19 | 19 | | determining grants before awarding a grant under this section. The |
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| 20 | 20 | | method must consider at a minimum: |
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| 21 | 21 | | (1) the current and likely future effect a moving |
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| 22 | 22 | | image project will have on employment, tourism, and economic |
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| 23 | 23 | | activity in this state; and |
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| 24 | 24 | | (2) the amount of a production company's in-state |
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| 25 | 25 | | spending for a moving image project. |
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| 26 | 26 | | SECTION 2. This Act takes effect September 1, 2023. |
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