Overview
- The Texas House passed SB22 by a 112-26 vote, sending the measure back to the Senate ahead of Gov. Abbott’s June 1 signature deadline.
- The bill allocates $300 million every two years through 2035 for the Texas Moving Image Industry Incentive Program, totaling $1.5 billion.
- It raises the base rebate for productions spending at least $1.5 million in Texas to 25%, with potential uplifts up to 31% for shoots in underused regions or those hiring veterans.
- Backed by Texas-born talents Dennis Quaid, Matthew McConaughey, Woody Harrelson and Taylor Sheridan, the proposal seeks to reclaim projects that have migrated to New Mexico, Georgia and Louisiana.
- Supporters highlight a reported 469% return on investment, while opponents warn of Hollywood’s political influence and the costs to taxpayers.