General Bill
Entertainment Industry:
Renames entertainment industry financial incentive program as entertainment industry financial incentive & tax credit program; revises program to provide qualified entertainment entities with choice of corporate income tax & sales & use tax credits or reimbursement from appropriations; provides OFE, OTTED, & DOR tax credit duties & responsibilities; provides tax credit award criteria & limitations, total tax credit availability, & uses, allocations, election, distributions, & carryforward of tax credits; provides for use of consolidated returns; provides for partnership & noncorporate distributions of tax credits, succession of tax credits, & tax credit transfer requirements; requires transferred tax credits purchaser to pay percentage of amount paid to fund specified film education grants; provides priority allocation of financial incentive & tax credits & withdrawal of tax credit eligibility; authorizes adoption of rules & policies & procedures & audits; provides for tax credit revocation & forfeiture & liability for certain costs & fees associated with a fraudulent claim; provides for future expiration of tax credit authorization; establishes Florida Graduate Film Investment Program, its administration, funding, & use of funds, & requires OFE Advisory Council to advise on films produced under such program; includes portion of entertainment industry tax credit for purpose of calculating taxpayer's adjusted federal income; includes tax credits in order of application of credits against certain taxes; authorizes DOR to provide tax credit information to OFE & OTTED; requires electronic funds transfer for entertainment industry tax credit.
Effective Date:
July 1, 2009
Last Event:
Died in Economic Development Policy Committee on Saturday, May 2, 2009 12:00 AM
Bill #
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Subject
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Relationship
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Bill #:
SB 312
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Subject:
Entertainment Industry [CPSC]
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Relationship:
Identical
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Bill #:
HB 47
|
Subject:
Entertainment Industry Economic Development
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Relationship:
Compare
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Bill #:
SB 350
|
Subject:
Entertainment Industry Economic Development [CPSC]
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Relationship:
Compare
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Statute
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Other Bill Citations
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212.08
|
HB 47,
CS/HB 51,
HB 225,
HB 269,
HB 329,
HB 681,
HB 731,
CS/HB 1009,
HB 1137,
HB 1163,
HB 7049,
HB 7155,
HB 7159
|
213.053
|
HB 47,
CS/CS/HB 485,
HB 1197,
HB 7133,
HB 7155
|
220.02
|
HB 47,
HB 423,
CS/CS/HB 485,
HB 577,
HB 925,
HB 1115
|
220.13
|
HB 459,
CS/CS/HB 485,
HB 925,
HB 1115,
HB 1197,
HB 1247,
HB 5127
|
288.1252
|
|
288.1254
|
HB 47
|
288.1256
|
|