HOUSE PASSES BILL TO GROW JOBS, INCENTIVIZE, ATTRACT BUSINESSES
-Measure gets Florida’s economy back on track, creates the conditions for job growth-

Film and Entertainment – CS/CS/HB 697 (Precourt)
Creates the Entertainment Industry Financial Incentive Program which awards transferrable tax credits for qualified spending on productions in Florida. Allocates tax credits over the next 5 years for qualified productions and expenditures:

• $53.5 million for FY 2010-11
• $74.5 million for FY 2011-12
• $38 million per year for FY 2012-13, 2013-14 and 2014-15