Bill > HB2212

This bill aims to promote film and television production in Texas by establishing several key mechanisms and incentives. The legislation creates a Film Events Trust Fund to provide financial support for film and television productions that choose Texas as their filming location, allowing local municipalities and counties to contribute tax revenues to support these events. It establishes a Film Production Tax Rebate Trust Fund that will provide rebates of up to 25% of incremental tax receipts generated by film productions. The bill also expands the definition of media production facilities to include virtual production facilities and allows institutions of higher education to nominate media production development zones. Additionally, it enables Texas A&M University and Texas State University to establish virtual film production institutes to provide educational opportunities for students interested in virtual film production. The bill increases the duration of media production location designations from two to four years and removes previous limits on the number of such designations. By creating these financial incentives and educational opportunities, the legislation seeks to attract more film and television productions to Texas, potentially boosting the state's economy and developing its media production industry.

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https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB2212