filming tax incentives

A new state program will allocate hundreds of millions of dollars to in-state film and TV productions. But Texas is playing catch up with states like Georgia and New Mexico.

Oklahoma's film industry is seeing the results of an enhanced film and TV tax rebate, with gains in number of in-state productions and economic benefits to communities.

The bill creates a 10-year trust that could infuse up to $2.5 billion in incentives to TV and film studios that decide to film in Texas.

Matthew McConaughey, who has spent more than three decades as an actor, told the Texas Senate Finance Committee on Monday that one of his only regrets is not making more films in Texas.