The Lone Star State just ponied up some serious bucks to bring film and TV production to Texas. Last week the state Legislature voted $95 million for use by its Texas Moving Image Industry Incentive Program for the next two years. That’s a jump of $63 million from the program’s present level. Senate Bill 1 now moves to Gov. Rick Perry to sign into law. The state’s program was set to expire in August if it had not been refunded.

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The bounce up from the program’s current $32 million level was in part due to $68 million allocated from the state’s Hotel Occupancy Tax. Like many states around the country, Texas has started offering lucrative incentives in recent years to lure production. The $95 million is the most Texas has ever committed to its TV and Film incentive program. The previous high was $63 million allocated in 2009 only to be cut to $32 million is statewide program budget cuts in 2011. While nowhere near the $420 million that New York offers annually, the newly approved Texas’ program is just a nose behind the $100 million that California awards producers and filmmakers every year under a lottery system.Productions are eligible for the Texas program, which covers video games as well, if 70% of their cast and crew are state residents. They also have to shoot at least 60% of their project in the state and budget to spend at least $250,000 in Texas. Despite criticism from some, the program seems to be money well spent. A report from the Texas Film Commission this year estimated that the $94 million that the program had handed out since it was first funded in 2007 has resulted in $744 million being spent in the state. Besides already being home to productions and series like TNT’s Dallas, which was renewed in April for a third season, Texas will see NBC’s J.J. Abrams-produced drama Revolution moving to Austin for its second season — a move partially inspired by the state’s incentives.