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The Florida Senate

2014 Florida Statutes

SECTION 1899
Entertainment industry tax credit.
F.S. 220.1899
220.1899 Entertainment industry tax credit.
(1) There shall be a credit allowed against the tax imposed by this chapter in the amounts awarded by the Department of Economic Opportunity under the entertainment industry financial incentive program in s. 288.1254.
(2) A qualified production company as defined in s. 288.1254 that is awarded a tax credit under s. 288.1254 may not claim the credit before July 1, 2011, regardless of when the credit is awarded.
(3) To the extent that the amount of a tax credit exceeds the amount due on a return, the balance of the credit may be carried forward to a succeeding taxable year pursuant to s. 288.1254(4)(e).
History.s. 14, ch. 2010-147; s. 94, ch. 2011-142.