The bill, H.B. No. 292, proposes an amendment to the Government Code by adding Section 485.0245, which establishes new criteria for grant amounts awarded to certain moving image projects under the moving image industry incentive program. Specifically, the bill applies to projects with in-state spending of at least $3.5 million, including feature films, television programs, visual effects projects, and digital interactive media productions. It stipulates that these projects are eligible for a grant amount equal to at least 30 percent of their total eligible in-state spending, excluding wages for employed persons, as well as the wages paid to state residents working on the project.

The bill aims to enhance the financial support for the moving image industry in Texas by ensuring that a significant portion of the grant is based on local spending and employment. The new provisions are set to take effect on September 1, 2025, thereby providing a timeline for the implementation of these changes to the incentive program.

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