On November 12, 2024, Texas Representative Gervin-Hawkins introduced House Bill 292, aimed at enhancing the state's support for the moving image industry. The bill proposes significant changes to the existing moving image industry incentive program, specifically increasing the grant amounts available for certain qualifying projects.

The primary focus of HB292 is to provide financial incentives for moving image projects that spend at least $3.5 million within Texas. This includes feature films, television programs, visual effects projects, and digital interactive media productions. Under the proposed legislation, these projects would be eligible for grants amounting to at least 30 percent of their eligible in-state spending, excluding wages for employees working on the project. Notably, the bill also allows for the inclusion of wages paid to Texas residents, further incentivizing local employment.

The introduction of HB292 has sparked discussions among industry stakeholders and lawmakers. Proponents argue that the bill could significantly boost the Texas economy by attracting more film and television productions to the state, creating jobs, and fostering local talent. Critics, however, express concerns about the potential financial implications for the state budget and whether the increased spending will yield a proportional return on investment.

As the bill progresses through the legislative process, it is expected to undergo further scrutiny and possible amendments. The economic implications of HB292 could be substantial, potentially positioning Texas as a more competitive player in the film and television industry, which has seen a surge in demand for production locations outside traditional hubs like California.

If passed, HB292 is set to take effect on September 1, 2025, marking a significant step in Texas's efforts to bolster its moving image industry and attract new projects to the state. The outcome of this legislation will be closely watched by industry professionals and economic analysts alike, as it could reshape the landscape of film and television production in Texas.