summary
Introduced
01/18/2023
01/18/2023
In Committee
01/25/2023
01/25/2023
Crossed Over
Passed
Dead
05/05/2023
05/05/2023
Introduced Session
2023 Regular Session
Bill Summary
Creates Florida First Production Partnership Program within DEO; provides tax credit award for entertainment industry projects; provides eligibility & application requirements; provides for liability & penalties on applicant that submits fraudulent information; authorizes transfer of tax credits; authorizes certified project to relinquish tax credits to DOR in exchange for certain payments; provides for expiration of program on specified date.
AI Summary
This bill creates the Florida First Production Partnership Program within the Department of Economic Opportunity (DEO). The program provides tax credit awards for entertainment industry projects, including film, television, and digital media projects, that meet certain eligibility requirements such as receiving a local inducement, having projected qualified expenditures above a certain threshold, and employing at least 60% Florida residents. The bill outlines the application process, criteria for determining project scores, verification process, and rules around marketing and tourism requirements, fraud, transfer of tax credits, and relinquishment of tax credits. The bill also specifies the annual allocation of tax credits for the program, which expires on June 30, 2027.
Committee Categories
Business and Industry
Sponsors (20)
Dotie Joseph (D)*,
Dana Trabulsy (R)*,
Kristen Arrington (D),
Webster Barnaby (R),
Dean Black (R),
Mike Caruso (R),
Linda Chaney (R),
Alina García (R),
Peggy Gossett-Seidman (R),
Christine Hunschofsky (D),
Sam Killebrew (R),
Vicki Lopez (R),
Patt Maney (R),
Jim Mooney (R),
Susan Plasencia (R),
Joel Rudman (R),
Michelle Salzman (R),
David Smith (R),
Paula Stark (R),
Katherine Waldron (D),
Last Action
Died in Regulatory Reform & Economic Development Subcommittee (on 05/05/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2023/251 |
| BillText | https://www.flsenate.gov/Session/Bill/2023/251/BillText/Filed/PDF |
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