Relating to the repeal of the Moving Image Incentive Program.

HB 139 repeals Texas' Moving Image Incentive Program, which provided financial incentives to film and video production companies. The bill directs the state comptroller to transfer any remaining funds from this program to the Texas Education Agency. These funds will be used to reduce the state compression percentage in education funding - the factor determining how much state money is added to school district budgets - to its lowest possible level. The repeal would take effect on September 1, 2025, unless passed with a two-thirds vote in both legislative chambers, in which case it would take effect immediately.