Financial Incentives
Take a Closer Look at Florida's Incentive...
Florida’s new financial incentive program is a transferrable tax credit that totals $242 million over the course of the next 5 years. Approximately $1.6 million in tax credits have been reserved to provide incentives for the commercial /music video production queue. Click here for more information.
NEW: 2010/2011 Florida Film & Entertainment Industry Financial Incentive Program
Effective July 1, 2010
New Entertainment Industry Financial Incentive Program program materials are now available at: http://www.filminflorida.com/ifi/incentives.asp. Note that the first date of application has changed from June 7th to June 9th no earlier than 12:00pm EST.
Overview:
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$242 million in transferable tax credits over 5 years
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$53.5 million transferable tax credits authorized for the 2010/2011 fiscal year
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20% - 30% transferable tax credit
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20% base percentage
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5% Off Season Bonus
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5% Family Friendly Bonus
The priority for qualifying/certifying projects for tax credit awards is determined on a first-come, first-served basis within its appropriate queue. Visit www.FilminFlorida.com for more information.
Sales Tax Exemption
No state sales tax on qualified motion picture and television production equipment purchases and rental, or on goods manufactured or produced in Florida for export outside of the state. The application process is simple and quick! For more information, or to apply visit Film in Florida .
Federal Tax Incentive
The American Jobs Creation Act is designed to stimulate investment in film. The incentives are available for "qualified productions" commencing after December 31, 2007 and before January 1, 2010. more
Discount & Deals Program promotes the various discounts and special deals that are being offered in Miami-Dade and around the State. Here you can find production related discounts as well as discounts on the hottest hotels! Bookmark Discount & Deals to keep up with new offers.
