Bill Text: TX HB2417 | 2021-2022 | 87th Legislature | Comm Sub
Bill Title: Relating to incentives for media production facilities in this state.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2021-04-21 - Committee report sent to Calendars [HB2417 Detail]
Download: Texas-2021-HB2417-Comm_Sub.html
87R19589 MTB-D | |||
By: Gervin-Hawkins, Price | H.B. No. 2417 | ||
Substitute the following for H.B. No. 2417: | |||
By: Clardy | C.S.H.B. No. 2417 |
|
||
|
||
relating to incentives for media production facilities in this | ||
state. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 485A.002(3), Government Code, is amended | ||
to read as follows: | ||
(3) "Moving image project" means a visual and sound | ||
production, including a film, a television program, streaming | ||
content, a national or multistate commercial, or a digital | ||
interactive media production. The term does not include a | ||
production that is obscene, as defined by Section 43.21, Penal | ||
Code. | ||
SECTION 2. Chapter 485A, Government Code, is amended by | ||
adding Subchapter G to read as follows: | ||
SUBCHAPTER G. MEDIA PRODUCTION FACILITY INCENTIVE PROGRAM | ||
Sec. 485A.301. DEFINITIONS. In this subchapter: | ||
(1) "In-state construction spending" means the amount | ||
of money spent by a production company on the acquisition, | ||
construction, renovation, or lease of a media production facility. | ||
(2) "Production company" has the meaning assigned by | ||
Section 485.021. | ||
Sec. 485A.302. MEDIA PRODUCTION FACILITY INCENTIVE | ||
PROGRAM. (a) Using gifts, grants, donations, and appropriations | ||
made available to the office for that purpose, the office shall | ||
administer a grant program for production companies that construct | ||
media production facilities at a qualified media production | ||
location. | ||
(b) The office shall develop a procedure for the submission | ||
of grant applications and the awarding of grants under this | ||
subchapter. The procedure must include: | ||
(1) requirements for the submission, before facility | ||
construction begins, of an estimate of total in-state construction | ||
spending; and | ||
(2) provisions relating to the submission of other | ||
information considered useful and necessary by the office for an | ||
adequate and accurate analysis of a production company's | ||
qualifications for a grant under this subchapter. | ||
(c) A production company is not required to reapply for a | ||
grant under this subchapter for each year of the 10-year period | ||
described by Section 485A.303(2). | ||
(d) The office may accept gifts, grants, and donations for | ||
the purpose of implementing this subchapter. | ||
Sec. 485A.303. QUALIFICATION. To qualify for a media | ||
production facility grant under this subchapter, a production | ||
company must: | ||
(1) be a: | ||
(A) limited liability company, partnership, or | ||
corporation formed or organized under the laws of this state; or | ||
(B) joint venture or other legal entity in which | ||
at least one entity that holds at least a 30 percent ownership | ||
interest is a limited liability company, partnership, or | ||
corporation formed or organized under the laws of this state; and | ||
(2) commit to constructing a media production facility | ||
and producing moving image projects for a 10-year period. | ||
Sec. 485A.304. GRANT. The amount of a media production | ||
facility grant under this subchapter is determined as follows: | ||
(1) if the production company spent at least $2 | ||
million but less than $4 million on the facility, the amount of the | ||
grant is equal to 10 percent of in-state construction spending on | ||
the facility; or | ||
(2) if the production company spent at least $4 | ||
million on the facility, the amount of the grant is equal to 20 | ||
percent of in-state construction spending on the facility. | ||
Sec. 485A.305. ADDITIONAL GRANT FOR UNDERUTILIZED AND | ||
ECONOMICALLY DISTRESSED AREAS. In addition to the grants | ||
calculated under Sections 485A.304 and 485A.306, a production | ||
company that constructs a media production facility in an | ||
underutilized and economically distressed area is eligible for an | ||
additional grant in an amount equal to 7.5 percent of the total | ||
amount of the production company's in-state construction spending | ||
for the facility. | ||
Sec. 485A.306. ADDITIONAL GRANT FOR CERTAIN MEDIA | ||
PRODUCTION FACILITIES. (a) In addition to the grants calculated | ||
under Sections 485A.304 and 485A.305, a production company is | ||
eligible for an additional grant in an amount equal to 7.5 percent | ||
of the total amount of the company's in-state construction spending | ||
for a media production facility if: | ||
(1) the company constructs the facility to produce | ||
projects with a focus on persons from diverse ethnic backgrounds; | ||
and | ||
(2) at least 35 percent of the persons employed at the | ||
facility are women or are from diverse ethnic backgrounds. | ||
(b) The office shall adopt rules prescribing the method by | ||
which the office will determine whether a production company meets | ||
the requirements for an additional grant under this section. | ||
SECTION 3. This Act takes effect September 1, 2021. |