H.B. No. 139 proposes the repeal of the Moving Image Incentive Program as outlined in Subchapter B, Chapter 485 of the Government Code, effective September 1, 2025. This repeal aims to redirect any funds previously allocated to the program to the Texas Education Agency. The intention is to utilize these funds to lower the state compression percentage under Section 48.255 of the Education Code to the minimum possible level.

The bill stipulates that the transfer of funds will occur during the state fiscal biennium beginning September 1, 2025. Additionally, the Act will take effect immediately if it secures a two-thirds majority vote from all elected members in both houses; otherwise, it will become effective 91 days after the conclusion of the legislative session.