Texas HB4568 amends the Texas moving image industry incentive program and establishes the Texas moving image industry incentive fund.
Texas HB4568 amends the Texas moving image industry incentive program by modifying grant eligibility criteria and amounts. The bill establishes the Texas moving image industry incentive fund, which is to be held and invested by the Texas Treasury Safekeeping Trust Company. The fund consists of money appropriated by the legislature, tax proceeds, investment earnings, and gifts or donations. The fund's purpose is to award grants to production companies for moving image projects in Texas.
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