Bill Could Bring Big Tax Credit To Florida Films
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.
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