S.B. No. 22 seeks to enhance the Texas moving image industry incentive program by establishing the Texas moving image industry incentive fund and defining eligibility criteria for grant applications. The bill grants the Music, Film, Television, and Multimedia Office the authority to deny grants based on content deemed inappropriate or negative towards Texas. It introduces new definitions and a list of ineligible projects, including pornography and political advertising, while implementing a tiered system for Texas residency requirements for production crews that will gradually increase over the years.

Additionally, the bill creates a fund managed by the Texas Treasury Safekeeping Trust Company, allowing for flexible funding without legislative appropriation, and mandates the comptroller to deposit $300 million biennially from tax proceeds into this fund. It outlines various grant programs for moving image projects, with each grant set at 2.5 percent of total in-state spending for qualifying projects. The bill also includes sunset provisions that will phase out certain sections by September 1, 2035, and specifies that grants awarded after this date will be governed by the amended subchapter. Overall, S.B. No. 22 aims to bolster Texas's film and multimedia industry while ensuring alignment with the values of its citizens.

Statutes affected:
Introduced: Government Code 485.021, Government Code 485.022, Government Code 485.023, Government Code 485.024, Government Code 485.025, Tax Code 151.801 (Tax Code 151, Government Code 485)
Senate Committee Report: Government Code 485.021, Government Code 485.022, Government Code 485.023, Government Code 485.024, Government Code 485.025, Tax Code 151.801 (Tax Code 151, Government Code 485)
Engrossed: Government Code 485.021, Government Code 485.022, Government Code 485.023, Government Code 485.024, Government Code 485.025, Tax Code 151.801 (Tax Code 151, Government Code 485)
House Committee Report: Government Code 485.021, Government Code 485.022, Government Code 485.023, Government Code 485.024, Government Code 485.025, Tax Code 151.801 (Tax Code 151, Government Code 485)
Enrolled: Government Code 485.021, Government Code 485.022, Government Code 485.023, Government Code 485.024, Government Code 485.025, Tax Code 151.801 (Tax Code 151, Government Code 485)