Texas Tax Code
§ 151.3415 — ITEMS SOLD TO OR USED TO CONSTRUCT, MAINTAIN, EXPAND, IMPROVE, EQUIP, OR RENOVATE MEDIA PRODUCTION FACILITIES AT MEDIA PRODUCTION LOCATIONS; REPORT
TX § 151.3415Title 2. STATE TAXATION · Part E. SALES, EXCISE, AND USE TAXES · Ch. 151. LIMITED SALES, EXCISE, AND USE TAX · Art. H. EXEMPTIONS
Statute text
View on source(a)In this section, "qualified person" and "qualified media production location" have the meanings assigned by Section 485A.002, Government Code.
(b)The sale, lease, or rental of a taxable item to a qualified person is exempted from the taxes imposed by this chapter for a maximum of two years if the item is used:
(1)for the construction, maintenance, expansion, improvement, or renovation of a media production facility at a qualified media production location;
(2)to equip a media production facility at a qualified media production location; or
(3)for the renovation of a building or facility at a qualified media production location that is to be used exclusively as a media production facility.
(c)A qualified person shall submit an annual report to the comptroller regarding the sale, lease, or rental of taxable items for which a tax exemption is granted to the qualified person under this section. The report must be in the form and manner prescribed by the comptroller.
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Legislative history
Added by Acts 2009, 81st Leg., R.S., Ch. 1390 (S.B. 1929), Sec. 2, eff. September 1, 2009.