Texas HB5440 modifies the moving image industry incentive program, setting new spending and residency requirements for grants.

HB5440 amends the Texas moving image industry incentive program by establishing new qualifications for production companies seeking grants. To qualify, a production company must spend at least $250,000 on a film or television program or $100,000 on other moving image projects within the state. Additionally, at least 60% of the project must be filmed in Texas, and the company must submit a detailed budget for review. The bill also mandates that at least 70% of the production crew, actors, and extras must be Texas residents, unless the office certifies a shortage of qualified individuals.

Texas HB5440 modifies the moving image industry incentive program, setting new spending and residency requirements for grants.

HB5440 amends the Texas moving image industry incentive program by establishing new qualifications for production companies seeking grants. To qualify, a production company must spend at least $250,000 on a film or television program or $100,000 on other moving image projects within the state. Additionally, at least 60% of the project must be filmed in Texas, and the company must submit a detailed budget for review. The bill also mandates that at least 70% of the production crew, actors, and extras must be Texas residents, unless the office certifies a shortage of qualified individuals.