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Texas film industry aims for tax incentives with SXSW demonstration

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Hoping to push a major tax incentives package through the Legislature, the Texas film industry is taking its case to the Capitol on Wednesday with a free and public demonstration of movie set work. Why it matters: With unexpected support from Lt.
The Texas film industry is actively campaigning for enhanced tax incentives to bolster local film production, as highlighted during a demonstration at the South by Southwest (SXSW) festival in Austin. The event, organized by the Texas Motion Picture Alliance, showcased the economic benefits of film production, including job creation and local business stimulation. Industry leaders and filmmakers are pushing for an increase in the state's film incentives, which currently cap at $45 million annually, arguing that more substantial incentives would attract larger film projects, thereby boosting the state's economy. The demonstration featured speeches from notable figures like actor Matthew McConaughey, who emphasized the cultural and economic value of film production in Texas. The push for better incentives comes at a time when other states are offering more competitive packages, potentially drawing film projects away from Texas.

Read the Full Axios Article at:
[ https://www.msn.com/en-us/entertainment/movies/texas-film-industry-aims-for-tax-incentives-with-sxsw-demonstration/ar-AA1ALhDh ]