Relating to the repeal of the Moving Image Incentive Program.

HB 116 repeals Texas' Moving Image Incentive Program, which previously provided financial incentives to film and television productions. The bill directs the comptroller to transfer any remaining program funds to the Texas Education Agency to reduce the state's compression percentage for school funding. This change directly affects the film and entertainment industry, which no longer receives these state incentives. The policy shift redirects resources toward public education funding without altering existing school finance formulas.