Texas 2025 - 89th Regular

Texas House Bill HB292 Latest Draft

Bill / Introduced Version Filed 11/12/2024

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                            89R3741 SCF-D
 By: Gervin-Hawkins H.B. No. 292




 A BILL TO BE ENTITLED
 AN ACT
 relating to the grant amount awarded to certain moving image
 projects under the moving image industry incentive program.
 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 SECTION 1.  Subchapter B, Chapter 485, Government Code, is
 amended by adding Section 485.0245 to read as follows:
 Sec. 485.0245.  GRANT AMOUNT FOR CERTAIN MOVING IMAGE
 PROJECTS. (a)  This section applies only to the following moving
 image projects with in-state spending of at least $3.5 million:
 (1)  a feature film;
 (2)  a television program;
 (3)  a visual effect project for a feature film or
 television program; or
 (4)  a digital interactive media production.
 (b)  In calculating the amount of a grant awarded under
 Section 485.024, a moving image project described by Subsection (a)
 is eligible for a grant amount equal to at least 30 percent of:
 (1)  the total amount of the project's eligible
 in-state spending, excluding wages of persons who are employed for
 the project; and
 (2)  notwithstanding Section 485.024, the amount of
 wages the project paid to state residents employed to work in-state
 on the project.
 SECTION 2.  This Act takes effect September 1, 2025.