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 State
Incentives for Filming in Florida
Effective July 1,
2010 the State of Florida passed $242 million in transferable tax
credits over five years to encourage the use of Florida as a site
for production.
This revamped incentive program is great news, allowing Florida
to compete on a more level playing field for both film and
entertainment (including digital media) industries. The
appropriation provided in past years has been replaced by a new
entertainment industry tax incentive program totaling $242 million
over five years. $53.5 million in transferable tax credits will be
authorized for distribution during the 2010-2011 fiscal year.
Qualified projects will receive a 20% to 30% back for qualified
Florida expenditures. Details can be found here.
Florida Entertainment Sales Tax
Exemption
In Florida, any qualified production company
engaged in the production of motion pictures, made-for-television
motion pictures, television series, commercial advertising, music
videos or sound recordings, may be eligible for an exemption from
sales and use tax on the purchase or lease of certain items used
exclusively as an integral part of the production activities in
Florida. The production company must apply for a certificate of
exemption to be presented to a registered Florida sales and use tax
dealer when making purchases and rentals of qualified production
equipment. You may now apply for the Entertainment Industry
Qualified Production Company Certificate of Exemption online at
www.filminflorida.com.
The motion picture, television production and sound recording
industries are afforded the following exemptions from sales and use
tax:
- No tax on the sale or lease of motion picture, video and sound
recording equipment. This exemption applies to film, video and
recording equipment.
- No tax on the rent or lease of real property used as an
integral part of a motion picture production. Renting sound stages,
studios, lots, buildings or any other real estate, is exempt.
- No tax on labor to produce a motion picture.
- No tax on artistic or copyright material on master tapes,
master films, master records and master video tapes.
Questions concerning the application process or the status of an
application for the Florida Film, Television and Digital Media
Incentive and the Florida Entertainment Sales Tax
Exemption should be directed to The Governor’s Office of Film
and Entertainment at 877.352.3456 or the Florida Department of
Revenue at 850.487.4130.
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