Thursday, April 12, 2007

Texas Film Taxes

The Texas House has tentatively approved a bill authorizing tax incentives for film and TV producers if they shoot in Texas.
The bill, authored by Rep. Dawna Dukes, D-Austin, would provide $20 million to the Texas Film Commission over the next couple years to attract productions to the Lone Star State.
According to the Fort Worth Star-Telegram, my hometown paper, “To qualify for a grant, a film or TV show would have to generate at least $10 million in in-state spending. A commercial or video game would have to generate at least $500,000. In addition, at least 70 percent of the production crew, actors and extras must be Texas residents. A video game is not eligible if it is considered excessively violent or sexually explicit. Adult films are also not eligible.”
Twenty-six states have tax incentive programs, with Louisiana and New Mexico boasting the most aggressive programs.
The whole push for incentives came about when producers of Dallas the movie, decided not to film in North Texas. Sad to think John Travolta (J.R.) and Jennifer Lopez (Sue Ellen) will have to go elsewhere to film Dallas.
Currently TV shows Friday Night Lights and Prison Break shoot some scenes in Texas. Walker Texas Ranger was the last show to regularly film in Fort Worth.
According to the ST, Texas gained about $200 million in revenue from film and TV productions in 2006.. That could rise to $500 million if the incentives bill becomes law.

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