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Bill Could Bring Big Tax Credit To Florida Films

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TALLAHASSEE (CBSMiami/AP) — The push is on for increased tax credits for filmmakers in Florida.

The films made in the Sunshine State could be eligible for another $300 million in tax credits under a bill now advancing in the Legislature.

A Senate panel on Monday approved a bill to revamp the state’s current film and television incentives program. The legislation is a final push to get something passed this year.

Florida’s current program has already used up $296 million in tax credits it was allocated.

The Senate Commerce and Tourism Committee approved a bill to extend the program until 2020 and add $50 million a year.

But the legislation includes a contentious proposal to require a cash match from counties where filming occurs.

Sen. Nancy Detert, R-Venice, said the local match is being pushed by House Republicans and that the bill won’t pass without it.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

 

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