Bill Text: TX SB1460 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to incentives for the moving image industry in this state.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-03-16 - Referred to Natural Resources & Economic Development [SB1460 Detail]
Download: Texas-2023-SB1460-Introduced.html
88R13064 LRM-D | ||
By: Miles | S.B. No. 1460 |
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relating to incentives for the moving image industry in this state. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 485.021(1), Government Code, is amended | ||
to read as follows: | ||
(1) "In-state spending" means the amount of money | ||
spent in Texas by a production company during the production and | ||
completion of a moving image project, including the amount spent on | ||
wages [ |
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described by Section 485.024(b). | ||
SECTION 2. Section 485.022(b), Government Code, is amended | ||
to read as follows: | ||
(b) The office shall develop a procedure for the submission | ||
of grant applications and the awarding of grants under this | ||
subchapter. The procedure must include provisions relating to[ |
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[ |
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production of a moving image project begins, of: | ||
(1) [ |
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(2) [ |
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applicable; | ||
(3) [ |
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production crew during the production and completion of a moving | ||
image project; and | ||
(4) [ |
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necessary by the office for an adequate and accurate analysis of a | ||
production company's in-state spending. | ||
SECTION 3. Section 485.023, Government Code, is amended to | ||
read as follows: | ||
Sec. 485.023. QUALIFICATION. To qualify for a grant under | ||
this subchapter: | ||
(1) a production company must have spent a minimum of: | ||
(A) $250,000 in in-state spending for a film or | ||
television program; or | ||
(B) $100,000 in in-state spending for a | ||
commercial or series of commercials, an educational or | ||
instructional video or series of educational or instructional | ||
videos, or a digital interactive media production; | ||
(2) [ |
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[ |
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must be filmed in Texas; and | ||
(3) [ |
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office an expended budget, in a format prescribed by the office, | ||
that reflects all in-state spending and includes all receipts, | ||
invoices, pay orders, and other documentation considered necessary | ||
by the office to accurately determine the amount of a production | ||
company's in-state spending that has occurred. | ||
SECTION 4. Sections 485.024(a) and (b), Government Code, | ||
are amended to read as follows: | ||
(a) Except as provided by Section 485.025, a grant under | ||
this subchapter for a moving image project may not be less than 20 | ||
percent of the total amount of the production company's in-state | ||
spending on the project [ |
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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. | ||
(b) In calculating a grant amount under Section 485.025 or | ||
the amount of in-state spending for purposes of rules adopted under | ||
Subsection (a), the office may not include wages of persons, | ||
including an actor or director, employed in the production of a | ||
moving image project that exceed $500,000 [ |
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SECTION 5. Section 485.025, Government Code, is amended to | ||
read as follows: | ||
Sec. 485.025. ADDITIONAL GRANT FOR UNDERUTILIZED AND | ||
ECONOMICALLY DISTRESSED AREAS. In addition to the grant calculated | ||
under Section 485.024, a production company that spends at least 25 | ||
percent of a moving image project's filming days in an | ||
underutilized and economically distressed area is eligible for an | ||
additional grant in an amount equal to 10 [ |
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amount of the production company's in-state spending for the moving | ||
image project. | ||
SECTION 6. Section 485.021(4), Government Code, is | ||
repealed. | ||
SECTION 7. The changes in law made by this Act to Chapter | ||
485, Government Code, apply only to a grant awarded on or after the | ||
effective date of this Act. A grant awarded before the effective | ||
date of this Act is governed by the law in effect on the date the | ||
award was made, and the former law is continued in effect for that | ||
purpose. | ||
SECTION 8. This Act takes effect September 1, 2023. |