Hollywood Could Be Coming to Texas

Hollywood Could Be Coming to Texas

Over the last several years, production companies have flocked to neighboring states of Texas but not to  Texas due to tax credit reasons. A new piece of legislation, however, could reverse this trend and reduce taxes in the Lone Star state for Hollywood production companies. A bill that was just recently introduced by Texas legislatures would give film production crews who have to spend over $15 million for production costs a 30% tax credit. States like New Mexico, Louisiana, and Oklahoma already have a tax credit system already in place which has caused movie producers to film there instead of Texas.

Hollywood in Texas? This Bill Could Make That Happen as Southern States Fight for Productions https://t.co/J6kSNHnuDR

— The Hollywood Reporter (@THR)

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