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Film Incentives

January 20th, 2010 by flanews

An increase in the state’s tax credit for the entertainment industry could leave fewer Floridians looking for jobs.

The credit is intended to attract TV shows, movies, and other digital media to Florida in an effort to create jobs. If it passes, the existing credit will go up from 15 to 20 percent. State Representative Steve Precourt says the industry will also have opportunities to make that deal even sweeter.

“Now you can even increase that by 5% by filming during hurricane season and another 5% by being a family-friendly production. We want to be the family friendly capitol of moviemaking and digital media products. That gets us a potential 30% match,” said Precourt.

The tax credit wouldn’t be available until 2012, because it can’t be claimed until after the production is finished. Legislators say that means the bill won’t cost taxpayers a penny.

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