The Texas Moving Image Industry Incentive Program (whew, that's a lot of words) includes rebates for video games, animation, extended reality, and visual effects.
There's no cap on the incentive amount and savings range from 5% to 22.5%.
Here's how it breaks down:
5% for $100,000 to $1 million
10% for $1 million to $3.5 million
20% for $3.5 million and up
70% of the combined paid employees and contractors must be Texas residents.
60% of the total working days must be completed in Texas.
Film Means More Than Film
MULTI-MEDIA COUNTS TOO
Video games, On-line content and more all qualify for savings
If you want to save even more on media production check out the Bastrop Media Zone. Bring your business here and you don't pay any sales tax on construction. This will save you thousands of dollars.
Plus, thanks to lower energy costs, no income tax and low cost of living, bringing your business to Bastrop just makes sense!
Click on the star to see how to get started.