88R14497 LRM-D
By: Bhojani H.B. No. 4665
A BILL TO BE ENTITLED
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.