Florida Senate - 2011                                    SB 1188
       
       
       
       By Senator Detert
       
       
       
       
       23-01141A-11                                          20111188__
    1                        A bill to be entitled                      
    2         An act relating to a financial incentive program for
    3         Florida’s entertainment industry; amending s.
    4         288.1254, F.S.; modifying the definition for the term
    5         “off-season certified production”; amending s.
    6         288.1258, F.S.; clarifying the calculations made by
    7         the Office of Film and Entertainment for its annual
    8         sales and use tax report to the Legislature; providing
    9         an effective date.
   10  
   11  Be It Enacted by the Legislature of the State of Florida:
   12  
   13         Section 1. Paragraph (d) of subsection (1) of section
   14  288.1254, Florida Statutes, is amended to read:
   15         288.1254 Entertainment industry financial incentive
   16  program.—
   17         (1) DEFINITIONS.—As used in this section, the term:
   18         (d) “Off-season certified production” means a feature film,
   19  independent film, or television series or pilot which films 75
   20  percent or more of its principal photography days from June 1
   21  through November 30 or a high-impact television series that
   22  films principal photography during at least 75 percent of the
   23  days between June 1 through November 30.
   24         Section 2. Subsection (5) of section 288.1258, Florida
   25  Statutes, is amended to read:
   26         288.1258 Entertainment industry qualified production
   27  companies; application procedure; categories; duties of the
   28  Department of Revenue; records and reports.—
   29         (5) RELATIONSHIP OF TAX EXEMPTIONS AND INCENTIVES TO
   30  INDUSTRY GROWTH; REPORT TO THE LEGISLATURE.—The Office of Film
   31  and Entertainment shall keep annual records from the information
   32  provided on taxpayer applications for the tax exemption
   33  certificates beginning January 1, 2001. These records shall be
   34  used to facilitate the following calculations:
   35         (a) The reflect a ratio of the annual amount of sales and
   36  use tax exemptions estimated under this section, plus the annual
   37  amount of tax credits applied against state tax liability under
   38  and incentives awarded pursuant to s. 288.1254, to the estimated
   39  amount of funds expended by all Florida certified productions
   40  approved for sales tax exemptions, including productions that
   41  received incentives under pursuant to s. 288.1254. These records
   42  also shall reflect a separate
   43         (b) For productions certified under s. 288.1254, the ratio
   44  of the annual amount of sales and use tax exemptions reported
   45  under this section, plus the total tax credits applied against
   46  state tax liability under incentives awarded pursuant to s.
   47  288.1254, to the estimated amount of production expenditures
   48  reported by the taxpayer funds expended by certified
   49  productions.
   50  
   51  In addition, the office shall, in consultation with the Agency
   52  for Workforce Innovation, organize the maintain data showing
   53  annual growth in Florida-based entertainment industry companies
   54  and entertainment industry employment and wages. The Office of
   55  Film and Entertainment shall report this information to the
   56  Legislature by no later than December 1 of each year.
   57         Section 3. This act shall take effect July 1, 2011.