The Florida Senate

CS/CS/HB 697: Entertainment Industry Economic Development

GENERAL BILL by Finance and Tax Council; Economic Development Policy Committee; Precourt; Ambler; Carroll; (CO-INTRODUCERS) Abruzzo; Adams; Adkins; Anderson; Aubuchon; Bembry; Bernard; Bogdanoff; Bovo; Boyd; Brandenburg; Brisé; Bullard; Burgin; Bush; Cannon; Chestnut; Clarke-Reed; Coley; Cretul; Crisafulli; Cruz; Culp; Domino; Dorworth; Drake; Eisnaugle; Evers; Fetterman; Fitzgerald; Flores; Ford; Fresen; Frishe; Galvano; Garcia, L.; Gibbons; Gibson; Glorioso; Gonzalez; Grimsley; Hasner; Hays; Heller; Holder; Homan; Hooper; Horner; Hudson; Hukill; Jenne; Jones, M.; Kelly; Kiar; Kreegel; Kriseman; Llorente; Long; Lopez-Cantera; Mayfield; McBurney; McKeel; Murzin; Nehr; Nelson; O'Toole; Pafford; Patronis; Patterson; Plakon; Poppell; Porth; Proctor; Rader; Ray; Reagan; Reed; Rehwinkel Vasilinda; Renuart; Rivera; Robaina; Roberson; Roberson, Y; Rogers; Rouson; Sachs; Sands; Saunders; Schenck; Schwartz; Skidmore; Snyder; Soto; Stargel; Steinberg; Taylor; Thompson, N.; Thurston; Tobia; Troutman; Van Zant; Waldman; Weatherford; Weinstein; Williams; Williams, T.; Wood; Workman; Zapata

Entertainment Industry Economic Development; Revises entertainment industry financial incentive program to provide corporate income tax & sales & use tax credits to qualified entertainment entities rather than reimbursements from appropriations; revises definitions, creation & scope, eligibility, & application & approval processes; delineates duties of OTTED, OFE, & DOR regarding award, election, transfer, audit, & revocation & forfeiture of credits, etc. APPROPRIATION: $98,127.