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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) For a location in a media production development zone to be designated as a qualified media production location, the nominating body, after nominating the location as a qualified media production location, must send to the office a written application for designation of the location in the zone as a qualified media production location.
(b) The application must include:
(1) a certified copy of the ordinance or order, as appropriate, nominating the location as a media production location;
(2) a certified copy of the ordinance or order, as appropriate, recognizing the zone in which the location is to be included as a media production development zone;
(3) appropriate supporting documents demonstrating that the location qualifies for designation as a qualified media production location;
(4) an estimate of the economic impact of the designation of the location as a qualified media production location on the revenues of the governmental entity or entities nominating the location as a qualified media production location, considering the financial incentives and benefits contemplated;
(5) an economic impact analysis of the proposed project or activities to be conducted at the proposed qualified media production location, which must include:
(A) an estimate of the amount of revenue to be generated to the state by the project or activity;
(B) an estimate of any secondary economic benefits to be generated by the project or activity;
(C) an estimate of the amount of state taxes to be exempted, as provided by Section 151.3415, Tax Code; and
(D) any other information required by the comptroller for purposes of making the certification required by Section 485A.109(b); and
(6) any additional information the office requires.
(c) Information required by Subsection (b) is for evaluation purposes only.
(d) The economic impact analysis required by Subsection (b)(5) must also be submitted to the comptroller.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 485A.106. Application for Designation - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-485a-106/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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