summary
Introduced
02/19/2015
02/19/2015
In Committee
02/27/2015
02/27/2015
Crossed Over
Passed
Dead
05/01/2015
05/01/2015
Introduced Session
Potential new amendment
2015 Regular Session
Bill Summary
Revising the sources of moneys to be credited to the State Economic Enhancement and Development Trust Fund to include repayments to the entertainment industry quick action fund created by the act; creating the Entertainment Industry Quick Action Account within the State Economic Enhancement and Development Trust Fund; renaming the Office of Film and Entertainment within the Department of Economic Opportunity as the Division of Film and Entertainment within Enterprise Florida, Inc.; revising provisions relating to the application process, tax credit eligibility, transfer of tax credits, election and distribution of tax credits, allocation of tax credits, forfeiture of tax credits, and annual report, etc.
AI Summary
This bill revises Florida's entertainment industry incentives by establishing an "Entertainment Industry Quick Action Account" within the State Economic Enhancement and Development Trust Fund to provide rapid financial support for production companies, and it also mandates that repayments from this fund be credited back into the trust fund. The bill renames the Office of Film and Entertainment within the Department of Economic Opportunity to the Division of Film and Entertainment and places it within Enterprise Florida, Inc., a public-private partnership focused on economic development. Furthermore, it modifies various aspects of the entertainment industry's tax credit program, including eligibility criteria, how tax credits can be transferred, elected, distributed, allocated, and forfeited, and it also updates the requirements for the annual report on the program's economic impact. The bill also creates a new "Entertainment Industry Quick Action Fund" to compete with other states for productions and includes provisions for repayment of funds received from this program.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (3)
Last Action
Died in Appropriations (on 05/01/2015)
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 | http://www.flsenate.gov/Session/Bill/2015/1046 |
| Senate Committee Amendment #445244 | http://www.flsenate.gov/Session/Bill/2015/1046/Amendment/445244/HTML |
| Senate Committee Amendment #212236 to Amendment (433232) | http://www.flsenate.gov/Session/Bill/2015/1046/Amendment/212236/HTML |
| Senate Committee Amendment #433232 | http://www.flsenate.gov/Session/Bill/2015/1046/Amendment/433232/HTML |
| BillText | http://www.flsenate.gov/Session/Bill/2015/1046/BillText/Filed/HTML |
| Bill | http://www.flsenate.gov/Session/Bill/2015/1046/BillText/Filed/PDF |
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