The Entertaintment Software Association (ESA) issued a press release this week praising the Texas Film Commission for expanding its economic incentives to include "digital interactive media productions."
Under the new changes the state raised the funding level up from 15 to 20 percent, and lowered the top tier threshold to $3.5 million from $5 million and eliminated the wage-only option. Visual effects projects completed in Texas can now qualify as their own project under the new incentive guidelines.
"We applaud Commissioner Page and the Texas Film Commission for their leadership and vision in expanding these important incentives," said ESA president and CEO Michael Gallagher. "This forward-thinking paves the way for exciting new innovations in the entertainment industry. These incentives are not only good for the video game industry, they are a win for Texas as well. These will help keep Texas competitive in the digital media marketplace, attracting and providing 21st century jobs in our growing industry and boosting the state's economy."
You can learn more about the state's tax incentives here.