Florida Senate - 2015                        COMMITTEE AMENDMENT
       Bill No. SB 1046
       
       
       
       
       
       
                                Ì445244$Î445244                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                                       .                                
                                       .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       Appropriations Subcommittee on Transportation, Tourism, and
       Economic Development (Diaz de la Portilla) recommended the
       following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 1027 - 1037
    4  and insert:
    5  regional commercials or music videos may be eligible for a tax
    6  credit award if it demonstrates a minimum of $100,000 in
    7  qualified expenditures per national or regional commercial or
    8  music video and exceeds a combined threshold of $500,000 after
    9  combining actual qualified expenditures from qualified
   10  commercials and music videos during a single state fiscal year.
   11  After a qualified production company that produces commercials,
   12  music videos, or both reaches the threshold of $500,000, it is
   13  eligible to apply for certification for a tax credit award. The
   14  maximum credit award for a qualified production company that
   15  produces commercials shall be equal to 20 percent of its actual
   16  qualified expenditures up to a maximum of $500,000. A qualified
   17  production company that produces music videos may be eligible
   18  for a tax credit if it demonstrates a minimum of $25,000 in
   19  qualified expenditures per music video and exceeds a combined
   20  threshold of $125,000 after combining actual qualified
   21  expenditures from qualified music videos during a single state
   22  fiscal year. After a qualified production company that produces
   23  music videos reaches the threshold of $125,000, it is eligible
   24  to apply for certification for a tax credit award. The maximum
   25  credit award for a qualified production company that produces
   26  music videos shall be equal to 20 percent of its actual
   27  qualified expenditures up to a maximum of $125,000. If there is