The bill, introduced by Representative Bumgarner, aims to bolster film and television production in Texas through the establishment of new funding mechanisms and educational initiatives. It proposes the creation of virtual film production institutes at Texas A&M University and Texas State University, enhancing educational opportunities in this field. Key provisions include the establishment of a Film Events Trust Fund and a Film Production Tax Rebate Trust Fund, which will support various media productions in the state. The bill also expands the definition of eligible film or television productions for funding under the major events reimbursement program and outlines the roles of endorsing entities and local organizing committees in facilitating film events.

Additionally, the bill introduces new provisions under Section 480A.0102, detailing the process for determining tax receipts related to film events and establishing a timeline for assessments. It limits disbursements from the Film Events Trust Fund to 25 percent of the cost of structural improvements for film events and prohibits funding for constructing permanent venues. The bill amends various sections of the Government Code to include virtual production facilities in the definition of media production facilities and broadens the criteria for recognizing media production development zones. It also extends the duration of designation for qualified media production locations from two years to four years and streamlines the application process by repealing previous limitations on designations. The bill is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Government Code 475.0001, Government Code 478.0001, Government Code 478.0051, Government Code 151.3415 (Government Code 478, Government Code 151, Government Code 475)